Indian Mutual Fund Investors must get MIN
Thursday, December 28, 2006
Indian Mutual Fund investors who invest more than Rs 50,000 in one go are now expected to get a MIN - Mutual Fund Identification Number without which he will not be able to invest from Jan-01-2007. Regulators want to know more about funds and investors under the "Know Your Customer - KYC" policy such that their is no illgeal channels of fund flows into the country.
A P Kurian, Chairman of AMFI explains the need for MIN in the following video,
Tags: Mutual Funds India, Emerging Market, Indian Customer, DalalStreet
Published by DalalStreet Business @ 2:35 PM
