In Liquid BeES, the Fund declares daily dividend which is compulsorily reinvested in the Scheme. What is a Creation Unit?
Creation Unit is a fixed number of BeES, which is exchanged for a basket of shares underlying the index called the “Portfolio Deposit” and a “Cash Component”. e.g. To subscribe 10,000 units of Nifty BeES with the Fund, an investor has to deposit a pre-defined underlying portfolio. In exchange of this portfolio and payment of a “cash component”, the Fund will allot 10,000 units to the investor. Alternatively, investors can follow the “cash subscription” route in which they can pay cash directly to the Fund for purchasing the underlying portfolio.
- Did the Fund pay a year-end dividend? If so, what was the record and pay dates, the amount, and was the dividend from capital gains or from net investment income?
- In Liquid BeES, the Fund declares daily dividend which is compulsorily reinvested in the Scheme. What is a Creation Unit?
- What happens if my pension fund has received a transfer of earlier rights from an overseas scheme?