SEBI working on instant redemption of liquid funds
Dec 07 2016
News Category: Industry Update
According to the media reports SEBI is in the talks to set rules regarding instant credit to investor bank account after redemption of liquid mutual fund. This in turn is expected to boost inflows by attracting retail customers to such funds. Presently the money gets credited to a customer account only the next working day or two days after the request if it is not done through the immediate payment service.