SEBI: Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds By Anand Gupta TaxGuru

SEBI: Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money market instruments, shall also be allowed to be invested in a separate plan of only Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts.

from TaxGuru
via Anand Gupta

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