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Sebi extends subscription period for RGESS schemes

Sebi extended the initial offering period of mutual fund schemes that are under RGESS scheme from 15 days to 30 days
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First Published: Wed, Feb 06 2013. 11 36 PM IST
The period within which an asset management company has to allocate the units, refund money and issue statements of accounts, has been extended from five days to 15 days from the closure of the initial subscription. Photo: Abhijit Bhatlekar/ Mint
The period within which an asset management company has to allocate the units, refund money and issue statements of accounts, has been extended from five days to 15 days from the closure of the initial subscription. Photo: Abhijit Bhatlekar/ Mint
Mumbai: The Securities and Exchange Board of India or Sebi, on Wednesday, extended the initial offering period of mutual fund schemes that are under Rajiv Gandhi Equity Savings Scheme from 15 days to 30 days.
Also, the period within which an asset management company has to allocate the units, refund money and issue statements of accounts, has been extended from five days to 15 days from the closure of the initial subscription.
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First Published: Wed, Feb 06 2013. 11 36 PM IST
More Topics: Sebi | RGESS schemes |
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