Ch.4 · SEBI Mutual Fund Regulations · medium
Under SEBI regulations, what is the maximum time for processing a unit holder's request for account statement after a transaction?
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EXPLANATION
As per SEBI regulations, the AMC or RTA must dispatch an account statement to the unit holder within 3 working days of the transaction (purchase, redemption, or switch). For SIP transactions, a statement is sent after the first instalment and thereafter on a quarterly basis.
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