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Circular on Mutual Funds- (Securities and Exchange Board of India) (25 Feb 2016)

MANU/SMFD/0002/2016

Capital Market

The Securities and Exchange Board of India released a circular on the treatment of unclaimed redemption and divided amounts. Some of the changes include grant of permission for the deployment of unclaimed redemption and dividend amounts in a separate plan of liquid scheme or money market mutual fund schemes floated specifically for the same amounts.

Tags : MUTUAL FUNDS UNCLAIMED REDEMPTION DIVIDEND AMOUNTS

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