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Indian Mutual Fund Investors must get MIN

December 28, 2006

Indian Mutual Fund investors who invest more than Rs 50,000 in one go are now expected to get a MIN – Mutual Fund Identification Number without which he will not be able to invest from Jan-01-2007. Regulators want to know more about funds and investors under the “Know Your Customer – KYC” policy such that their is no illgeal channels of fund flows into the country.

A P Kurian, Chairman of AMFI explains the need for MIN in the following video,

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