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Third Party cheques will not be accepted for mutual funds Investments! From November, 2010

Latest Update on Mutual Funds

Third Party cheques will not be accepted for mutual funds Investments! From  15th November, 2010
In order to protect the interest of the investors, AMFI has issued Best Practice Guidelines to all AMCs advising them not to accept third party cheques in respect of Mutual Fund Investments (with a few exceptions) effective from November 15, 2010.

Source: Amfi India

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