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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.
What is the minimum credit risk percentage required for NBFCs in co-lending arrangements?
Which anniversary of the Central Industrial Security Force (CISF) was celebrated in India in 2024?
Who received the Guard of Honour during his first official visit to India?
Which group has been classified as 'Working Population' in the Population Pyramid?
Which island holds the title of being the largest in the world?
Natural Gas is one of the materials used in the making of Fertilizers. Which among the following is the function of Natural gas in production of Fertil...
H-1B visa is issued by immigration authorities of which country?
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