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When does an investor get a certificate or statement of account after investing in a mutual fund?

Mutual funds are required to send out certificates or statements of accounts within six weeks from the date of closure of the initial subscription of the scheme.

10 Dec 2008

Mutual funds are required to send out certificates or statements of accounts within six weeks from the date of closure of the initial subscription of the scheme.

In case of close-ended schemes, the investors can get a demat account statement or unit certificates as these are traded in the stock exchanges. In case of open-ended schemes, a statement of account is issued by the mutual fund within 30 days from the date of closure of initial public offer of the scheme. The procedure of repurchase is mentioned in the offer document.



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