Get App

Co-Partners

Associate Partners

YOU ARE HERE > Moneycontrol > Mutual Fund > Glossary

Mutual Fund

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

As a unitholder, how much time will it take to receive dividends/repurchase proceeds?

A mutual fund is required to despatch to the unitholders the dividend warrants within 30 days of the declaration of the dividend and the redemption or repurchase proceeds within 10 working days from the date of redemption or repurchase request made by the unitholder.

In case of failures to despatch the redemption/repurchase proceeds within the stipulated time period, Asset Management Company is liable to pay interest as specified by SEBI from time to time (15% at present).

Keywords

Mutual Fund

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant