Mutual Fund Rules Investors Need To Comply With These 04 Changes From Next Month

The month of March and the current financial year (FY23) is about to end in a few days. With this, the new financial year (FY24) will start from the next month i.e. 01 April 2023. Like every time, this time too, along with the change in the financial year, some rules and regulations will also change (Mutual Fund Rules Change). There are some similar changes, which are related to Mutual Fund Investors. Today we are going to talk about such changes…

MF nomination

This is one of the most important changes for mutual fund investors. Such investors will have to either declare the nominee by March 31, or opt out. If investors do not do either of the two, then their investment will be frozen and they will not be able to redeem any of their investment. Investors can do this work online through Registrar and Transfer Agents like KFintech and CAMS or through MFCentral.

Linking PAN and Aadhaar (PAN and Aadhar linking)

By March 31, it is necessary for everyone to link PAN and Aadhaar. If you invest in mutual funds, then it becomes all the more important. If you don’t link them, your PAN will stop working from April 01, and in such a situation, MF folios can also be restricted.

One-time password

Till now OTP was required only at the time of redeeming the investment, but now OTP will be required while investing i.e. investing money in mutual funds. SEBI has changed the rules related to this. The new rules will come into effect from 01 April. After this you will get OTP on mobile number and email id to invest somewhere.

Revalidating KYC

Investors who used Aadhaar for KYC before November 01 will have to get their KYC revalidated before April 30. SEBI has issued circular in this regard.

Disclaimer: (The information provided here is for information only. It is important to mention here that investment in mutual funds is subject to market risks. Always take expert advice before investing money as an investor. It is never advised to invest money here.)

read this also: Investors of this penny stock became millionaires, the price increased by 225 times in 17 months

Apple Asked Government Officials To Bring Solid Reasons To Ban Batting Apps In App Store

Betting Apps: Apple has asked the government for concrete evidence or say solid reason to obey the order of the ...
Read More

Pakistan Economic Crisis Agreement Wth IMF For Special Package Ishaq Dar

Pakistan Economic Crisis: In Pakistan, which is facing political crisis, economic crisis is also increasing for a long time. In ...
Read More

IPL 2023 Chennai Super Kings became the champion of this season, after this Dhoni gave autograph on the camera lens, watch video

IPL 2023 champions: Mahendra Singh Dhoni once again made Chennai Super Kings the champion under his captaincy. The Chennai team ...
Read More

Trending news: Why did Jennifer Winget get divorced from Karan Singh Grover? Parents warned about marriage

‚ÄčAccording to Jennifer Winget, her parents had also warned her about marrying Karan Singh Grover. He told the actress that ...
Read More

Pakistan Inflation Rises Again Sugar At 200 Per KG And Flour Costs 4000 Rupees

Pakistan Economy: Inflation in Pakistan has reached such a peak that flour which should be around Rs 800 has reached ...
Read More

Xiaomi Will Make Wireless Audio Products In India With Optiemus Electronics

Xiaomi India: Chinese smartphone maker Xiaomi will make its first local audio product in India. The company has partnered with ...
Read More

How To Check Which App Is Tracking Your Location In iPhone And How To Turn It Off

How to turn off location access in iPhone: Privacy is gradually decreasing in our life today. Everything is available in ...
Read More

LIC ADO Mains Result 2023 Declared For All Regions See Direct Link Here At Licindia.in

LIC ADO Mains Result 2023 Declared For All Regions: The result of LIC ADO Main Exam 2023 has been declared ...
Read More

IPL 2023 Chennai Super Kings Last Over Ravindra Jadeja Six For CSK Vs GT Ahmedabad

IPL 2023 CSK Vs GT Final Last Over Ravindra Jadeja: Chennai Super Kings defeated Gujarat Titans by 5 wickets in ...
Read More

Leave a Comment