ONE STATEMENT FOR ALL MUTUAL FUND INVESTMENT

Posted: 25 Nov 2010 08:15 AM PST

Soon, investors could have one consolidated monthly statement for investments made across different mutual funds. The Association of Mutual Funds in India (Amfi) committee on operations and compliance is likely to take a decision on Thursday on Securities and Exchange Board of India's (Sebi) advice in this regard. " We are working on the issue of common statement, however some technical issues are be sorted out,"said Amfi CEO HN Sinor. The issue of sharing costs has to ironed out, he...

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