Public notice must for MFs` dividend declaration
Our Markets Bureau Mumbai ans, which intend to declare dividend, irrespective of the dates of launch.
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This clarification would put an end the ambiguities arising from the first circular, issued earlier this month. |
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The first circular said that the guidelines would be applicable to all mutual fund schemes launched after the date of that circular. Thus, some people interpreted it as being applicable only to new schemes issued henceforth. |
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The chief investment officer of a leading mutual fund said,
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