Securities and Exchange Board of India, the market regulator, has put in place certain rights for you as a Mutual Fund investor. Here, we are talking about these top three rights.
1. You have all the rights to access scheme information documents that provide key information about the nature of the schemes, asset allocation strategy as well as details about the fund management team, key personnel, sponsor, trustees, auditors, legal team, details of tax, fund management process, performance record, terms and conditions of investing and the all information regarding the portfolio composition of the mutual fund scheme.
2. You have all the rights to know about the fees and commission structure of your mutual fund scheme.
3. If any dividend is declared on your mutual fund scheme, you have the right to receive the proceeds within 30 days from the declaration, falling which you are entitled to an interest of 15 percent per annum for the period of delay.