AMFI intimates SEBI on the coronavirus pandemic’s effect on mutual fund operations
Mar 23 2020
News Category: Industry Update
As per media reports, AMFI has written a letter to SEBI on the coronavirus pandemic’s effect on mutual fund operations. Under the present circumstance with the virus rapidly spreading across the globe, the Indian State and Central governments have instructed private companies to work from home. This has, to an extent, impacted operations by reducing staff working from office in the AMCs. Custodians, Funds Accountants and other service providers have been forced to work under Business Continuity Plan environment. Among other things, AMFI also stated that the processing of financial and non-financial transactions might get postponed.