TRUSTMF Flexi-Cap Fund collects Rs 510 cr amid KYC mess
Since April 1, investors and distributors have been bogged down by new KYC rules that limit first-time investments in fund houses unless the KYC status is ‘validated.’ Among the casualties of this are some of the schemes launched in April by newer fund houses, who have had to reject applications because of incomplete KYC.
Source: moneycontrol.com