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Based on the recommendation of MFAC, SEBI has decided to stipulate that all the existing and proposed schemes of mutual fund shall name/rename its dividend option. Accordingly, the dividend payout option shall be renamed as payout of Income Distribution cum capital withdrawal option; dividend re-investment option shall be renamed as Reinvestment of Income Distribution cum capital withdrawal option and dividend transfer plan shall be renamed as Transfer of Income Distribution cum capital withdrawal plan. The provision shall be effective from Apr 1, 2021.