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AMCs to freeze non-PAN card MF portfolios from April 2023, says AMFI
Restrictions on redemptions from such accounts is already in place since 2019
No online transactions in MF folios with wrong phone numbers from Oct: CAMS
According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.
MF folio count rises 21 lakh to around 5 crore in August end
This follows an addition of 59 lakh folios or investor accounts in the preceding FY (2015-16) and 22 lakh in the FY 2014-15
