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    Question

    Recently Securities and Exchanges Board of India (SEBI)

    makes OTP validation a must for mutual fund investments from which Financial year?
    A FY23 Correct Answer Incorrect Answer
    B FY24 Correct Answer Incorrect Answer
    C FY25 Correct Answer Incorrect Answer
    D FY26 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    SEBI makes OTP validation a must for mutual fund investments from FY24 The Securities and Exchanges Board of India (SEBI) has extended the two-factor authentication rule presently applicable on mutual fund (MF) redemptions to include MF subscription transactions as well. Investors will have to authenticate new investments in mutual funds through a one-time password from April 1, 2023. For offline transactions, the validation will happen through signature. Learn Along: SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio.

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