The mutual fund industry will remain operational even as Maharashtra government has announced complete shutdown in Mumbai, headquarter of the most fund houses.
A CEO requesting anonymity that the state government has clarified that banks and financial services industry will remain open. However, the fund houses will have to allow 50% of employees to work from home as a precautionary measure, he said.
Another CEO told Cafemutual that since fund houses follow SEBI’s guidelines, we have to wait for SEBI’s clarification before carrying out complete shutdown.
