What are investors rights as Mutual Fund Unit holders?
As a unit holder in a mutual fund scheme coming under the SEBI (mutual fund) regulations, an investor is entitled to • Receive unit certificates or statements of accounts confirming your title within 30 days from the date of closure of the subscription under open-ended schemes or within 6 weeks from the date your request for a unit certificate is received by the Mutual Fund. • Receive information about investment policies, investment objectives, financial position and general affairs of the scheme. • Receive dividend within 30 days of their declaration and receive the redemption or repurchase proceeds within 10 days from date of redemption or repurchase. • Vote in accordance with the regulations to: • Change the Asset Management Company • Wind up the schemes. • To receive communication from the trustee about change in the fundamental attributes of any scheme or any other changes which would modify the scheme and affect the interest of the unit holders and to have the option to exit at
Related Questions
- What other funds in the current plan lineup are closed to new investors? Will any of the closed funds be available to participants who invest in the new self-directed mutual fund window?
- What legal institutions are established in Uzbekistan to protect the rights of foreign investors?
- As mutual fund schemes invest only in stock markets, are they suitable for small investors?
