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    <title>Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds</title>
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    <description>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&#039;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.</description>
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    <pubDate>Fri, 30 Jul 2021 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/circulars?id=64987</link>
      <description>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&#039;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.</description>
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      <pubDate>Fri, 30 Jul 2021 00:00:00 +0530</pubDate>
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