The Securities and Exchange Board of India (SEBI), on Thursday, increased the cash transactions limit in mutual funds to Rs.50,000 from Rs.20,000 a year.The new limit is subject to compliance with the Prevention of Money Laundering Act, 2002.
MUMBAI, May 23, 2014
Updated: May 23, 2014 00:14 IST
SEBI hikes cash limit in MF
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