Rights of a Mutual Fund Investor: SEBI
- To receive the SAI, SID or KIM from the mutual fund upon request
- To enter into any scheme without entry load
- To receive dividends / interest / redemption proceeds though ECS / NEFT / RTGS, wherever such facility is available
- To receive
- refund within 5 working days of closure of NFO
- dividend within 30 days of its declaration
- redemption proceeds within 10 working days of request
- To receive interest @ 15% p.a. for delay beyond aforesaid period for dividend and redemption proceeds
- To receive statement of account within 5 working days from the
- date of closure of initial subscription list (NFO)
- date of request in case of open ended scheme
- To receive credit of units in demat account
- within 5 working days from the date of closure of initial subscription list (NFO)
- To have the NAV of the scheme(s) in at least two daily newspapers and on the websites of the concerned MF and AMFI
- To receive bonus units
- To receive within 1 month, from the close of each half year, complete statement of a scheme’s portfolio
- either directly or
- through an advertisement in a national English daily and the regional language newspaper where the AMC is head quartered
- To change the distributor without obtaining an NOC from the existing distributor
- To receive within 4 months, the scheme wise
- annual report of a mutual fund or
- an abridged summary thereof with an option to inspect the full annual report and take copies at the Head Office of the MF
- To be informed about any proposed change
- in the fundamental attributes of a scheme
- in ownership pattern of the AMC and be given an option to exit at the prevailing net asset value without any exit load
- To collectively (i.e. by at least 75% unit holders of the scheme) pass a resolution to
- terminate the appointment of the AMC
- wind up a scheme
- Not to be fed with misleading and / or inaccurate advertisements
- Not to be charged exit load on any units issued
- as bonus
- for reinvestment of dividend
- Not to be charged a differential exit load based upon amount of subscription
You can read the whole document here