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  • News From Press Now, fund houses can't restrict redemptions

    Now, fund houses can't restrict redemptions

    Source: Business Standard Jun 10, 2016

    To protect small investors from tricky choices made by mutual fund managers, the market regulator Securities and Exchange Board of India (Sebi) has introduced new redemption rules. Now, mutual fund houses cannot restrict redemptions unless there’s a crisis that can affect the industry at large. Even in such cases, investors will be able to withdraw up to Rs 2 lakh.

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