As per SEBI Regulations on Mutual Funds, an investor is entitled to
1. Receive Unit certificates or statements of accounts confirming your title within 6 weeks from the date your request for a unit certificate is received by the Mutual Fund.
2. Receive information about the investment policies, investment objectives, financial position and general affairs of the scheme;
3. Receive dividend warrants within 30 days of their declaration and if they don’t receive them within 10 days they can get interest at 15% on redemption amount.
4. The trustees shall be bound to make such disclosures to the unit holders as are essential in order to keep them informed about any information which may have an adverse bearing on their investments.
5. 75% of the unit holders with the prior approval of SEBI can terminate the AMC of the fund.
6. 75% of the unit holders can pass a resolution to wind-up the scheme.
7. An investor can send complaints to SEBI, who will take up the matter with the concerned Mutual Funds and follow up with them till they are resolved.
8. Any change in Fundamental Attributes (like. objective, terms of issue, fees, and expenses) can’t be carried out unless investors are informed in writing and through ads in one nationwide English daily, one regional news paper where head office of mutual fund is situated and unit holders are allowed to exit without any loads.
1. Receive Unit certificates or statements of accounts confirming your title within 6 weeks from the date your request for a unit certificate is received by the Mutual Fund.
2. Receive information about the investment policies, investment objectives, financial position and general affairs of the scheme;
3. Receive dividend warrants within 30 days of their declaration and if they don’t receive them within 10 days they can get interest at 15% on redemption amount.
4. The trustees shall be bound to make such disclosures to the unit holders as are essential in order to keep them informed about any information which may have an adverse bearing on their investments.
5. 75% of the unit holders with the prior approval of SEBI can terminate the AMC of the fund.
6. 75% of the unit holders can pass a resolution to wind-up the scheme.
7. An investor can send complaints to SEBI, who will take up the matter with the concerned Mutual Funds and follow up with them till they are resolved.
8. Any change in Fundamental Attributes (like. objective, terms of issue, fees, and expenses) can’t be carried out unless investors are informed in writing and through ads in one nationwide English daily, one regional news paper where head office of mutual fund is situated and unit holders are allowed to exit without any loads.
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