Subject: Why Majesco is paying 20,000% dividend to its shareholder? Is it worth buying this share?
From: Financial Gyan <[email-masked]>
To: [email-masked]
Date: Tue, 22 Dec 2020 13:59:26 +0000

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Question: Why Majesco is paying 20,000% dividend to its shareholder? Is it worth buying this share?

Answer from Sahil Bhadviya

Yesterday, Majesco management declared a dividend of 20,000% to its shareholders. I have never heard about such sort of dividend in my entire life. In fact, right after the ne
Read More: http://www.quora.com/q/fhnhcqypvzzergfu/Why-Majesco-is-paying-20-000-dividend-to-its-shareholder-Is-it-worth-buying-this-share?top_ans=254772706
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Important: SEBI is going to reduce maximum permissible exit load

Most equity mutual fund schemes in India currently charge an exit load of 1% if the units are redeemed within one year of the date of allotment. However, certain schemes, such as credit risk funds charge an exit load of 3%. This is done to prevent premature withdrawals from the fund. Notably, the maximum permissible exit load that a fund house can charge is 7%.

SEBI has now proposed reduction in maximum permissible exit load that a fund house can charge.

In addition, SEBI is going to reduce the timeline for payment of dividends, permit other modes for payment of dividends, provide clarity with respect to payment of interest and penalty in case of delay in dividend payment, etc.

All these reforms have been initiated as per the recommendations of Mutual Fund Advisory Committee (MFAC) and these changes are expected to bring more sponsorship for mutual funds in India and enable better transparency.
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