Godmind Knowledge House
Trustees will have to ensure that any information having a material impact on the unit holders investments should be made public by the mutual fund.
If 75% of the unit holders so decide:
The scheme can be wound up.
Meeting of unit holders can be called anytime.
Appointment of the AMC of the mutual fund can be terminated.
Rights Of Mutual Fund Investor
Investors are entitled to receive dividends declared in a scheme within 30 days.
Redemption proceeds have to be sent to investors within 10 days.
Mutual funds have to allot units within 30 days of the NFO and also open the scheme for redemption, if it is an open -ended scheme.
If an investor fails to claim the dividend or redemption proceeds, he has the rights to claim it up to a period of 3 years from the due date at the then prevailing NAV.
Mutual funds have to publish their half yearly results in at least one national daily and publish their entire portfolios, at least once in 6 months, Such disclosure should be done within 30 days from 6 monthly account closing dates of the fund.
If there is any change in the fundamental attributes of the scheme, the unit holders have to be notified through a letter.
They also have a right to repurchase at NAV without any load, before such change is effected.
Unit holders have the right to inspect certain documents.
Rights of Mutual Fund Investors
