Mutual fund investors, take note! Starting March 31, 2024, your transactions could be blocked if you haven't completed the mandatory compliance requirements.
The Securities and Exchange Board of India (SEBI) has made it compulsory for investors to link their Permanent Account Number (PAN) with their mutual fund accounts by this deadline. Failure to do so may result in transactional restrictions. This measure aims to enhance transparency and curb fraudulent activities within the mutual fund industry. Ensure compliance to avoid any inconvenience and continue enjoying seamless transactions.