Mutual Fund- Baroda Pioneer Mutual Fund- restriction

POSTED BY premji b ON March 6, 2013 11:00 am ONE COMMENT

Baroda Pioneer Mutual fund has the following restriction:
  • If the dividend under Pay out option is less than or equal to Rs.500- than it will be by default be reinvested.
         (ref. Baroda Pioneer ELSS 96 Plan)
The querry is 
whether such restriction is permissible?
6 mar 2013

One reply on this article “Mutual Fund- Baroda Pioneer Mutual Fund- restriction”

  1. Ashal Jauhari says:
    March 6, 2013 at 2:51 pm

    Dear Premji, yes such type of restrictions can be imposed for small amounts. My personal view, if your lockin period is over, please redeem your money. The reinvested dividend within lockin period ‘ll not be available for withdraw.

    Thanks

    Ashal

    Reply

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