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SEBI notifies rules on mutual fund dividends, redemption proceeds
short by Anisha Joneja / on Thursday, 17 November, 2022
The Securities and Exchange Board of India (SEBI) notified new rules under which every mutual fund and asset management company has to transfer dividend and redemption proceeds to unit holders within a specified period. In case payments aren't made on time, companies would have to pay interest to unit holders. The new rules will come into effect from January 15.
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