SEBI on 12 May, 2023 has issued a clarification regarding Investment in units of Mutual Funds in the name of minor through guardian. It is clarified that Payment for investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed.
SEBI clarification regarding Investor Education and Awareness Initiatives
21 February 2025
SEBI has directed AMCs to annually set apart atleast 2 basis point on daily net assets within the maximum limit of total expense ratio for
