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If mutual fund scheme is wound up, what happens to money invested?

April 26, 2017happens invested money mutual fund Scheme WOUND

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If mutual fund scheme is wound up, what happens to money invested?

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In case of winding up of a scheme, the mutual funds pay a sum based on prevailing NAV after adjustment of expenses. Unitholders are entitled to receive a report on winding up from the mutual funds which gives all necessary details.