News From Press Mutual Funds: New rules on dividend, redemption proceeds notified by SEBI. Details here

Mutual Funds: New rules on dividend, redemption proceeds notified by SEBI. Details here

Sorce: Mint Nov 19, 2022

Securities and Exchange Board of India (SEBI) on Thursday notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unitholders, in which, every mutual fund and asset management company would be required to transfer to the unitholders the dividend payments and the redemption or repurchase proceeds within a period specified by the regulator.

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