MF distributors can now execute MF transactions physically in most locations.
With relaxation in lockdown norms, RTA agents – CAMS and KFinTech have resumed offices in most locations including large cities like Mumbai, New Delhi, Chennai, Kolkata, Ahmedabad, Bangalore and Hyderabad with safety precautions and minimal staff. In addition, many fund houses have reopened their offices in green and orange zones.
With this, distributors relying on physical transaction can resume their business.
Click here to know the list of cities where CAMS is accepting physical applications. However, the registrar is advising that distributors and investors call and book time slot before visiting office to avoid overcrowding at office and maintain social distance norms.
Similarly, KFintech has reopened 170 branch offices. Click here to see the list of cities where KFinTech is accepting physical MF application.
Mario Sylvester Rocher, VP & Head - Branch Operations at KFinTech said that while his company has reopened most branch offices, they may take a call to close these offices again if coronavirus cases increase in a particular city. He urged distributors to use digital technology to execute MF transactions.
