Multiple choice

If an investor fails to claim the redemption proceeds after 3 years of due date, he has the right to receive an amount equal to

  1. prevailing NAV

  2. face value of the unit

  3. due date NAV plus interest @15% p.a.

  4. NAV at the end of three years after the due date
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

As per SEBI regulations, if an investor fails to claim redemption proceeds within 3 years from the due date, they are entitled to receive the NAV prevailing at the end of the three-year period. This protects investors from losing unclaimed amounts while accounting for market movements over time.

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