Fund houses told to freeze non-FATCA a/cs; SIP investments can continue till expiry

Moneycontrol News

Mutual funds industry lobby Association of Mutual Funds in India has asked fund houses to freeze non-FATCA compliant accounts with immediate effect, which means non-FATCA compliant investors cannot execute fresh mutual fund transactions.

Mutual fund investors will not be able to operate their accounts, which were opened between July 1, 2014 and August

FULL ARTICLE http://www.moneycontrol.com/news/business/fund-houses-told-to-freeze-non-fatca-acs-sip-investments-can-continue-till-expiry-2275127.html

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