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12.04 - 19:07
Is MF industry prepared to service investors in crisis?
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As many as 30 states and Union territories, including Maharashtra, have announced complete lockdown in the wake of the COVID-19 pandemic.
As a result, mutual fund houses along with registrar and transfer agents, most of which are based in India’s financial capital Mumbai, have asked most of their employees to work from home.
The Association of Mutual Funds in India has also written to the markets regulator to relax compliance norms as it may be difficult to adhere to them at present.
Mint asked experts what measures the industry is taking to ensure their client services are not hit. Sundeep Sikka Executive director and chief executive officer, Nippon India Mutual Fund Investors can use SMS or apps for MF services Our robust digital
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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