Sebi reduces timelines for redemption amount, dividend payout to mutual fund unitholders

Updated: Nov 25 2022 6:02PM

Sebi reduces timelines for redemption amount, dividend payout to mutual fund unitholders

New Delhi, Nov 25 (PTI) Capital markets regulator Sebi on Friday cut the timelines for the payout of redemption amount and dividend to unitholders by Asset Management Companies (AMCs).

In a circular, Sebi has reduced the timeline for dividends payout to seven working days from the current 15 days.

It said that the record date would be two working days from the issue of public notice, wherever applicable, for the purpose of payment of dividend.