Any delay in dividend payment beyond seven working days to attract interest charge at 15% a year; investors to get redemption money within three working days, from 10 earlier
Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi-cap mutual fund schemes
According to the data, mutual funds (MFs) that invest in fixed-income securities saw an inflow of 91,392 crore in July, as compared to Rs 2,862 crore inflow in June