Instant Access Facility limited to Overnight and Liquid schemes; unclaimed dividend amounts may be invested in low risk overnight funds. Unclaimed redemption and dividend amounts may be invested in a separate plan of Overnight, Liquid, or Money Market Mutual Fund schemes established specifically for such amounts, provided those plans are placed in the relatively low interest rate and relatively low credit risk cell of the Potential Risk Class matrix; AMCs shall not charge exit load and the plan's TER is capped at the direct plan TER or fifty basis points, whichever is lower. Implementation date for this change is December 1, 2021.
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.
Instant Access Facility limited to Overnight and Liquid schemes; unclaimed dividend amounts may be invested in low risk overnight funds.
Unclaimed redemption and dividend amounts may be invested in a separate plan of Overnight, Liquid, or Money Market Mutual Fund schemes established specifically for such amounts, provided those plans are placed in the relatively low interest rate and relatively low credit risk cell of the Potential Risk Class matrix; AMCs shall not charge exit load and the plan's TER is capped at the direct plan TER or fifty basis points, whichever is lower. Implementation date for this change is December 1, 2021.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
