Mutual fund houses have discontinued accepting purchase transactions in mutual funds through debit cards
Jun 22 2020
News Category: Others
No of Views: 63 Rate Now!

According to media reports, mutual fund houses have discontinued accepting purchase transactions in mutual funds through debit cards. This has come after SEBI has pointed out the issues regarding verification of such transactions. Although many fund houses have discontinued facilitating such transactions, a few mutual fund houses which are currently offering this facility shall stop it soon.

Related News
Title Report Date
NISM has resumed regular continuing profession education (CPE) prog... 16/06/2020
NISM has suggested AMFI to give relaxation to mutual fund distribut... 12/06/2020
Filing of nil GST monthly return in FORM GSTR-3B through SMS to red... 09/06/2020
According to media reports, Kuvera, an online investment platform o... 05/06/2020
NISM has launched online format of continuing profession education ... 02/06/2020
NISM will commence online continuous professional examinations (CPE... 01/06/2020
AMCs may deduct TDS irrespective of dividend income 08/04/2020
Essel Mutual Fund announces winding up of Essel Short Term Fund 20/06/2019
Net inflow in Equity Linked Saving Schemes or tax saving mutual fun... 15/01/2019
Mutual Fund industry asset base increases 5.5% in 2018 07/01/2019
HDFC Mutual Fund surpasses ICICI Prudential Mutual Fund to becomes ... 03/01/2019
ICRA Online has launched a Cloud-based tool named MFI 360 01/11/2018
Aditya Birla Sun Life Mutual Fund winds up Aditya Birla Sun Life In... 18/09/2018
Motilal Oswal Mutual Fund temporarily ceases subscription in Motila... 17/09/2018
Aditya Birla Sun Life Mutual Fund winds up Aditya Birla Sun Life In... 17/09/2018
More...