In the event of delays in dispatching dividend warrants or redemption cheques, the AMC has to pay the unit holder interest at the rate of ____ per annum.
A
20%
B
15%
C
25%
D
12%
Correct Option:
B
Explanation
As per SEBI Mutual Fund Regulations, if there is a delay in dispatching dividend warrants or redemption proceeds beyond the prescribed timeline, the Asset Management Company (AMC) must pay interest to the unit holder at the rate of 15% per annum for the period of delay.
