Tuesday, January 19News That Matters

Tag: rename

Sebi tells MFs to rename dividend plans

Business
The regulator has asked mutual fund homes to rename dividend plans in every their reward moreover unusual schemes. It has moreover asked fund homes to clearly consult with traders that a determined fragment of his capital will also be distributed as dividend. In every reward scheme moreover unusual fund supply, where the fund home supplies a dividend option, the complete three alternate choices have to be renamed. The dividend payout option will be renamed as Payout of Income Distribution cum capital withdrawal option, dividend re-funding will be renamed as reinvestment of Income distribution cum capital withdrawal diagram and Dividend transfer diagram to be renamed as Transfer of profits distribution cum capital withdrawal diagram. Distributors level out that within the past there had be...