FAQs

Mutual Funds

12 Feb 2003

A mutual fund is required to despatch to the unitholders the dividend warrants within 30 days of the declaration of the dividend and the redemption or repurchase proceeds within 10 working days from the date of redemption or repurchase request made by the unitholder.

In case of failures to despatch the redemption/repurchase proceeds within the stipulated time period, Asset Management Company is liable to pay interest as specified by SEBI from time to time (15% at present).

CONTACT:

319, RG MALL Sector-9, Rohini,
Near Rohini West Metro Station,
New Delhi-110085, India
+91 9811083803
+91 9717566266
rajiv@richinsurance.in
richcare@richinsurance.in

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