Timelines for transfer of dividend and redemption proceeds to unitholders

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....of Mutual Funds in India (AMFI) Dear Sir/ Madam, Subject: Timelines for transfer of dividend and redemption proceeds to unitholders 1. SEBI has amended Regulation 53 of SEBI (Mutual Funds) Regulations, 1996 vide Gazette Notification No. SEBI/LAD-NRO/GN/2022/106 dated November 15, 2022. 2. Consequent to the above amendment, the following has been decided: I. Transfer of Dividend Payments a. ....

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....overseas investments, the transfer of redemption or repurchase proceeds to the unitholders shall be made within five working days from the date of redemption or repurchase. c. AMFI, in consultation with SEBI, shall publish a list of exceptional circumstances for schemes unable to transfer redemption or repurchase proceeds to investors within time as stipulated at II (a) and II (b) above, along w....

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....ise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Chhavi M Kapoor General Manager Tel no.: 022-26449112 Email: chha....