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Security and Exchange Board of India (SEBI) now prohibits the usage of pool accounts. What's the deal with the abrupt change? What is going to happen now? Individuals with as little as a few hundred rupees in investible excess might invest in mutual funds. These investors purchase units in a mutual fund scheme at the Best mutual fund app in India with a specific investing aim and strategy.
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Security and Exchange Board of India (SEBI) now prohibits the usage of pool accounts. What's the deal with the abrupt change? What is going to happen now? The Indian market regulator SEBI announced that it would phase out the usage of pool accounts and mutual funds from April 1, 2022. The deadline for redemptions and transfers has been extended until July 1, 2022, allowing investors and intermediaries more flexibility. Individuals with as little as a few hundred rupees in investible excess might invest in mutual funds. These investors purchase units in a mutual fund scheme at the Best mutual fund app in India with a specific investing aim and strategy. Portfolio managers registered with SEBI, on the other hand, are free from this new restriction. Visit:-https://anewstime.com/key-reasons-why-sebi-stopped-the-usage-of-pool-accounts/
