Ch.7 · NAV Calculation Rules · medium
What information must be disclosed in the 'account statement' sent to investors after each transaction?
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EXPLANATION
SEBI mandates that account statements sent after each transaction must include: transaction date, type (purchase/redemption/switch), amount, applicable NAV, units allotted/redeemed, cumulative unit balance, current portfolio value at NAV, exit load details, and the distributor commission paid. This comprehensive disclosure ensures investors have full visibility into costs and holdings.
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