Ch.9 · Systematic Transactions — SIP, SWP, STP · medium
What is the maximum period within which a mutual fund must dispatch a redemption cheque or credit the amount to the investor's bank account?
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EXPLANATION
SEBI mandates that redemption proceeds must be dispatched within 3 business days (10 business days for close-ended funds). The standard for open-ended equity and debt is 3 business days.
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