Its a good news for investors in mutual funds.. the SEBI has decided to incerease the deadline of PAN card as the sole document for investing in the Mutual Funds from 2nd July to December. It has also mentioned that the investors will have to give the copy of application form for the PAN card for the time being.. But the news is good for the investors and the Mutual Fund companies...
The move from SEBI seems to be have come from the lobbying of the Mutual Fund companies, as the compulsion of PAN card would have reduced the flows of funds in the mutual funds...
Anyways its good for investors.. so happy investing...
rgds.,
japan shah
japan.shah@gmail.com
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