Only 10 days remain for compliance with a US law, but the mutual fund (MF) industry does not look perturbed. Despite a large number of MF investors yet to submit self-declarations in line with a US law with global implications called Foreign Account Tax Compliance Act (Fatca), MF executives say no one is panicking. Industry players say non-compliance with Fatca will not affect existing investments and incremental flows through systematic investment plans (SIPs).
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