E-wallet investments in Mutual Funds

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..... nds 1. SEBI, vide Circular Ref. no- SEBI/HO/IMD/DF2/CIR/P/2017/39 dated May 8, 2017, permitted use of e- wallet for investment in Mutual Funds within the umbrella limit of INR 50,000 for investments by an investor through both e-wallet and/or cash, per Mutual Fund per financial year. 2. In this context, it should be ensured that all e-wallets are fully compliant with KYC norms as prescribed by R .....

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