Ch.4 · AMFI Code of Conduct · medium
As per SEBI regulations, within how many working days must a mutual fund process a valid redemption request?
0% of students got this wrong
EXPLANATION
For open-ended equity and hybrid schemes, redemption proceeds must be dispatched within 3 working days from the applicable NAV date. For liquid and overnight funds, this is T+1 working day. Failure to meet these timelines attracts interest penalty.
Practising Chapter 4 one question at a time?
Try the full chapter — 120 questions, tracked score, weak area breakdown.