Circular on Mutual Funds

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al Funds A. Treatment of unclaimed redemption and dividend amounts Please refer to SEBI circular dated November 24, 2000 on treatment of unclaimed redemption and dividend amounts. In partial modification of the aforementioned circular, it has been decided that: 1. The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money ma....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....in name of investor, address of investor and name of Mutual Fund/s with whom unclaimed amount lies. c. Information at point A2(a) & A2(b) above may be obtained by investor only upon providing his proper credentials (like PAN, date of birth, etc.) along-with adequate security control measures being put in place by Mutual Fund / AMFI. d. The website of Mutual Funds and AMFI shall also provide ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... on such unclaimed amounts shall be used for the purpose of investor education. B. Distribution of Mutual Fund products Please refer to clause E of SEBI circular dated September 13, 2012 wherein new cadre of distributors were allowed to sell simple and performing Mutual Fund products. In partial modification of the aforementioned circular, it has been decided that simple and performing Mutua....