At present, mutual funds maintain current accounts in multiple banks including in banks having presence beyond the top 30 cities (B-30 cities), for receiving subscription amount and for payment of redemption proceeds, dividend brokerage and commission.Maintain current A/Cs in #39;appropriate number#39; of banks: Sebi to mutual funds
At present, mutual funds maintain current accounts in multiple banks including in banks having presence beyond the top 30 cities (B-30 cities), for receiving subscription amount and for payment of redemption proceeds, dividend brokerage and commission.
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