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mutual fund: MFs line up 12 new offers with investor interest still strong

Motilal Oswal launched a multicap fund and JM Financial has started a small-cap fund to complete their product basket in the diversified fund space. Many fund houses are launching thematic funds that include the likes of financial services, manufacturing and special opportunities.

mutual fund schemes: MF investors get KYC relief as Sebi withdraws PAN-Aadhaar link norm

The Securities and Exchange Board of India (Sebi), in a circular on May 14, removed the requirement for investors to link the permanent account number (PAN) with Aadhaar to obtain the KYC registered status for mutual fund transactions. This means all investors can continue putting money into mutual funds without putting up additional documents for the time being.

3% mutual fund accounts have KYC Hold status: AMFI

3% mutual fund accounts have KYC Hold status: AMFI
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