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AMFI Guidelines for change of mutual fund distributor

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Full Text of the Document

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....It has come to the notice of SEBI that unwarranted hardship is being caused to investors in mutual fund schemes who wish to switch from an existing mutual fund distributor to either another mutual fund distributor or opt to deal direct. Some Asset Management Companies (AMCs) are insisting on the investor procuring a 'No Objection Certificate' (NoC) from the existing distributor for this switch ov....