Account statement dispatch rules require periodic statements for systematic investment plans and prompt free issuance on investor request. SEBI requires mutual funds to dispatch account statements for SIP/STP/SWP quarterly within ten working days of quarter-end, with the first statement within ten working days of initial investment; upon investor request funds must supply statements free within five working days and may email monthly soft copies if mandated. Funds must also issue statements to investors inactive for six months, together with Portfolio Statements or Annual Reports, reflecting the latest closing balance and unit value, with electronic delivery permitted where mandated.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Account statement dispatch rules require periodic statements for systematic investment plans and prompt free issuance on investor request.
SEBI requires mutual funds to dispatch account statements for SIP/STP/SWP quarterly within ten working days of quarter-end, with the first statement within ten working days of initial investment; upon investor request funds must supply statements free within five working days and may email monthly soft copies if mandated. Funds must also issue statements to investors inactive for six months, together with Portfolio Statements or Annual Reports, reflecting the latest closing balance and unit value, with electronic delivery permitted where mandated.
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