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    <title>Statement of accounts or unit certificates</title>
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    <description>Regulation 36 requires AMCs to issue either a statement of accounts or dematerialised units to applicants whose applications are accepted within the prescribed short timeline from closure of the initial subscription list or receipt of application, and to issue dematerialised units on request within a brief working period. AMCs must also provide consolidated account statements monthly for investors with transactions and half yearly for folios without transactions, identifying common investors by Permanent Account Number; &quot;transaction&quot; is defined to include purchases, redemptions, switches, dividend actions, systematic plans and bonus transactions.</description>
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