A tenth of MF accounts yet to comply with Fatca

One in every 10 mutual fund folios (accounts) in this country are yet to comply with the Foreign Account Tax Compliance Act (Fatca), an American law but having a bearing on most global investors.

Nearly five million MF accounts-mostly of domestic individual investors-face the risk of closure if they don’t by August 31 meet the obligations the government has agreed

FULL ARTICLE http://www.business-standard.com/article/markets/a-tenth-of-mf-accounts-yet-to-comply-with-fatca-116072001152_1.html

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