04-12-2010, 09:18 PM
Dear Members,
In a mutual fund industry, account holders/investors may disinvest their money at any time in case of open-end fund.
There is a situation where our client - Mr. A has requested us to redeem his open-end fund units and to make a cheque of payment in the name of third party Mr. B (non-account holder).
I want to know whether AMC can do so or not?
Regards,
*
In a mutual fund industry, account holders/investors may disinvest their money at any time in case of open-end fund.
There is a situation where our client - Mr. A has requested us to redeem his open-end fund units and to make a cheque of payment in the name of third party Mr. B (non-account holder).
I want to know whether AMC can do so or not?
Regards,
*
