Ch.5 · SID, SAI and KIM Documents · hard
Within how many days must an AMC dispatch allotment confirmation to NFO investors?
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EXPLANATION
SEBI regulations require AMCs to dispatch account statements (allotment confirmation) to NFO investors within 5 business days of the allotment of units. If allotment is delayed, the AMC must refund subscription amounts within 5 business days of the original allotment date with interest.
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