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Credit of mutual fund units, redemption or Income Distribution cum Capital Withdrawal payouts

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Full Text of the Document

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....drawal payouts (1) Every asset management company shall transfer to the unitholders, as the case may be: (i) the Income Distribution cum Capital Withdrawal payments; and (ii) redemption proceeds (also known as repurchase proceeds) and the application money, if the application is rejected due to undersubscription, oversubscription or for any other reason, within such period as ....