InvestorQ : How would the virus shutdown impact the functioning of mutual funds in India?
Aashna Tripathi made post

How would the virus shutdown impact the functioning of mutual funds in India?

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Tisha Malhotra answered.
1 year ago
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AMFI has warned SEBI of multiple areas of disruption for mutual funds due to the Covid-19 restrictions in Mumbai. AMFI highlighted three areas of disruption likely in MFs.

· Disruption in customer services. In lieu of physical forms, mutual funds would accept requests from the registered email IDs of investors

· Customer services such as processing of transactions, KYC, despatch of cheques for redemptions and dividends, issue customer account statement (CAS) and even declaration of NAV and TER could get delayed

AMCs would face challenges conducting dealing operations (trades) due to office closures and reporting of trades in corporate bonds and Commercial Paper/Certificates of Deposit.
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