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of <h1>India Updates SFT Submission: Mutual Fund Data Now Semi-Annual, New Holding Periods for Equity and Other Units.</h1> The Government of India has issued a corrigendum to Notification No. 4 of 2021 regarding the submission of the Statement of Financial Transaction (SFT) for mutual fund transactions by Registrars and Share Transfer Agents. Effective from April 1, 2023, SFT data will be submitted semi-annually instead of quarterly, with deadlines on October 31 and April 30. Additionally, the minimum holding period for different asset classes has been clarified. Units of Equity Oriented Mutual Funds and Units of UTI must be held for 12 months, while Other Units require 36 months. Specific conditions apply based on the percentage of investment in domestic equity shares.
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