SEBI: Closure of pooled accounts will have no effect on existing SIP mandates
Mar 29 2022
News Category: Industry Update
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Securities Exchange Board of India (SEBI), the closure of pooled accounts will have no effect on existing SIP mandates. With relation to the Oct 2021 circular restricting the usage of pooled accounts for mutual fund transactions from Apr 01, 2022, SEBI has given MFDs, RIAs, online direct investing platforms, stock brokers, and clearing members some leeway.

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