Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds

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....tual Funds/ Association of Mutual Funds in India (AMFI) Sir / Madam, Subject: Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 has permitted overnight scheme under debt schemes category. Based on the request  from industry, following has been decided: 1) ....

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....atively Low Interest Rate Risk and Relatively Low Credit Risk) of Potential Risk Class matrix as per SEBI Circular No. SEBI/HO/IMD/IMD-II/ DOF3/P/CIR/2021/573 dated June 07, 2021. b) AMCs shall not be permitted to charge any exit load in this plan and TER (Total Expense Ratio) of such plan shall be capped as per the  TER of direct plan of such scheme or at 50bps whichever is lower." ....