Association of Mutual Funds in India (Amfi) said on Sunday that asset management companies will allow only online transactions through various electronic modes for now, and they have been asked to close their collection centres and branch offices from Monday onwards.
“Under the circumstances, as a social distancing measure to ensure safety of investors, distributors, visitors and the employees of the mutual funds and their RTAs, all mutual funds shall keep their collection centres and branch offices (“official points of acceptance”) closed with effect from Monday 23 March 2020 and allow only online transactions through various electronic modes, such as mutual fund websites, web-portals and various digital platforms, apps or virtual channels till the situation comes under control and until social distancing advisory is withdrawn by the authorities,” Amfi said in a public notice.
