NISM-Series V-A: Mutual Fund Certification Exam Notes
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75 percent of unit holders can terminate the appointment of an AMC. Also, 75 percent of the unitholders (unitholding) can pass a resolution to wind up a scheme
Recovery of unclaimed amounts - If the investor claims the money within 3 years, then payment is based on prevailing NAV i.e. after adding the income earned on the unclaimed money.
If the investor claims the money after 3 years, then payment is based on the NAV at the end of 3 years.
SEBI Complaint Redress System (SCORES) is a web based centralized grievance redress system of SEBI. SCORES enables investors to lodge, follow up on their complaints and track the status of redressal of such complaints online on the website (http://scores.gov.in).
AMFI Code of Ethics (ACE) - sets out the standards of good practices to be followed by the Asset Management Companies in their operations and in their dealings with investors, intermediaries and the public.
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