MF investors: Less than a 4th comply with US tax law

Less than 25 per cent of mutual fund (MF) investors have given out details in line with Foreign Account Tax Compliance Act, or Fatca, a US tax law, said a source. Countries must agree to the law or face the stick. Non-compliant institutions could be frozen out of US markets.

“From next year, purchasing new units and switching between schemes

FULL ARTICLE http://www.business-standard.com/article/markets/less-than-one-fourth-of-mf-investors-are-fatca-compliant-115122800838_1.html

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