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New mutual fund KYC rules: Is your KYC validated, verified, registered or on hold? Find out | Business

[ad_1] Mutual fund KYC status: The introduction of new Know-Your-Customer (KYC) regulations for mutual funds, effective from April 1, 2024, has changed how investors can access mutual fund schemes. That’s why it’s important for mutual fund investors to check their KYC status and understand what it means, so they can invest in mutual fund schemes…

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Monthly SIPs hit new high in February

[ad_1] MUMBAI: Boosted by strong inflows from retail investors, money into mutual fund schemes through the systematic investment plan route in Feb topped the Rs 19,000-mark for the first time while total number of SIP accounts stood at Rs 10.5 lakh crore, also a new all-time record. At Rs 19,187 crore, gross monthly inflow was…

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