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.
May 23, 2014 12:14 am | Updated 12:14 am IST - MUMBAI:
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.
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