Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds

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..... a (AMFI) Sir / Madam, Subject: Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 has permitted overnight scheme under debt schemes category. Based on the request from industry, following has been decided: 1) Deployment of unclaimed redemption and dividend amounts In part .....

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..... lass matrix as per SEBI Circular No. SEBI/HO/IMD/IMD-II/ DOF3/P/CIR/2021/573 dated June 07, 2021. b) AMCs shall not be permitted to charge any exit load in this plan and TER (Total Expense Ratio) of such plan shall be capped as per the TER of direct plan of such scheme or at 50bps whichever is lower." 2) Instant Access Facility in Overnight Funds In partial modification to SEBI circular SEBI/H .....

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