Introduction of Voluntary Lock-in / Debit freeze facility to Mutual Fund folios
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Association of Mutual Funds in India (AMFI) Sir / Madam, Subject: Introduction of Voluntary Lock-in / Debit freeze facility to Mutual Fund folios 1. In order to promote digital security of units of Mutual Fund investors, in consultation with AMFI, it is decided that a voluntary debit freeze facility be introduced for Mutual Fund investors across demat and non-demat (i.e., Statement of Ac....
X X X X Extracts X X X X
X X X X Extracts X X X X
....l also provide the processes to be followed by different types of investors after due consultation with SEBI. 2.5. AMFI is also advised to prescribe the detailed list of financial transactions and non-financial transactions that are allowed during such lock-in period to AMCs / RTAs. 2.6. The detailed process of opting for such a facility and impact on different financial transactions and non....




TaxTMI
TaxTMI