July 1: New rules to invest in mutual funds, teething troubles initially, but a safer future - Moneycontrol


6/29/2022 12:00:00 AM2 years 10 months ago
by Nikhil Walavalkar

All those SIPs will stop where your broker used to transfer funds from your broking account balance to the mutual fund house. You have to sign up for fresh NACH mandates.

From July 1, mutual fund investments cannot be initiated from a pool account. The money has to go from the investors bank account to the bank account of the mutual fund house, as mandated by regulato… [+6318 chars]

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