Mutual Funds
What is the pay-in day and pay-out day?
Pay in day is the day when the brokers shall make payment or delivery of securities to the exchange. Pay out day is the day when the exchange makes payment or delivery of securities to the broker. Settlement cycle is on T+2 rolling settlement basis. The exchanges have to ensure that the pay out of funds and securities to the clients is done by the broker within 24 hours of the payout. The Exchanges will have to issue press release immediately after pay out.
Advertisement
More from this specialization
- How much should one invest in debt or equity oriented schemes?
- Is the higher net worth of the sponsor a guarantee for better returns?
- How can the investors redress their complaints?
- How will an investor come to know about the changes, if any, which may occur in the mutual fund?
- When will the investor get certificate or statement of account after investing in a mutual fund?
- Where can an investor look out for information on mutual funds?