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Review of Dividend option(s) / Plan(s) in case of Mutual Fund Schemes - SEBI - SEBI/HO/IMD/DF3/CIR/P/2020/194

Extract

..... /2010 dated March 15, 2010, which provide the accounting policies to be followed for determining distributable surplus and accounting the sale and repurchase of units in the books of the Mutual Fund. 2. The aforesaid regulatory requirements, inter-alia, mandates that when units are sold, and sale price (NAV) is higher than face value of the unit, a portion of sale price that represents realized gains shall be credited to an Equalization Reserve Account and which can be used to pay dividend. 3. .....

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Review of Dividend option(s) / Plan(s) in case of Mutual Fund Schemes - SEBI

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..... ch options/plans. 4.3. AMCs shall ensure that whenever distributable surplus is distributed, a clear segregation between income distribution (appreciation on NAV) and capital distribution (Equalization Reserve) shall be suitably disclosed in the Consolidated Account Statement provided to investors as required under Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996 and SEBI Circular No. CIR/MRD/ DP/ 31/2014 dated November 12, 2014. 5. The aforesaid changes shall not be treated as Fundamen .....

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Review of Dividend option(s) / Plan(s) in case of Mutual Fund Schemes - SEBI

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