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Ch.9 · Systematic Transactions — SIP, SWP, STP · medium

An investor has no mutual fund transactions in a particular month. When will they receive their next CAS?

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EXPLANATION

Investors with no transactions in a month receive a half-yearly CAS, sent within 10 days after the end of each half-year period — September (for April–September) and March (for October–March).

A.Within 10 days of the end of the half-year (September and March) [✓ Correct]

B.At the end of every quarter

C.Never — CAS is only sent if there is a transaction

D.On the investor's request only

EXPLANATION

Investors with no transactions in a month receive a half-yearly CAS, sent within 10 days after the end of each half-year period — September (for April–September) and March (for October–March).

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