Multiple choice

Investors have the right to receive interest from the AMC, if redemption proceeds are not dispatched within a period of

  1. one month

  2. 14 days

  3. 14 working days

  4. 10 working days
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SEBI regulations mandate that AMCs must dispatch redemption proceeds within 10 working days. If this deadline is not met, investors are entitled to receive interest for the delay period. This protects investors from undue delays in receiving their money.

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