Mutual fund units: holders may choose statement of accounts or dematerialised holding; credits occur immediately on allotment. Applicants under a mutual fund scheme may elect holding in statement of accounts or dematerialized mode. The asset management company must credit units to ... Summary
Mutual fund units: holders may choose statement of accounts or dematerialised holding; credits occur immediately on allotment.
Applicants under a mutual fund scheme may elect holding in statement of accounts or dematerialized mode. The asset management company must credit units to the investor's chosen mode immediately upon allotment. On a unitholder's request to change mode, the asset management company must credit units in the newly specified mode within the period prescribed by the Board.
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