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Monday, March 23, 2020

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Covid-19 pandemic threat : ATTENTION - MUTUAL FUND INVESTORS & DISTRIBUTORS


 Association of Mutual Funds in India

ATTENTION - MUTUAL FUND INVESTORS & DISTRIBUTORS         

In the wake of Covid-19 pandemic threat, the government and municipal authorities have already ordered private offices to implement social-distancing measures (such as instructing their staff to work from home and keeping their offices closed etc.) to avoid and discourage assembling of people in offices.

Considering the current situation, it is imperative for ALL offices to ensure that not only their employees, but also their customers and visitors follow the social-distancing measures and are dissuaded from travelling & visiting the offices by providing alternative solutions.

Under the circumstances, as a social-distancing measure to ensure safety of investors, distributors, visitors and the employees of the mutual funds & their RTAs, all Mutual Funds shall keep their collection centres / branch offices (“official points of acceptance”) closed with effect from Monday 23rd March 2020 and allow only online transactions through various electronic modes, such as mutual fund websites /web-portals / various digital platforms /apps or virtual channels etc. till the situation comes under control and until social distancing advisory is withdrawn by the authorities.

All mutual fund investors and distributors are requested to bear with the mutual funds and to use the digital / electronic modes for their mutual fund transactions.

Please avoid travelling except for medical reasons or emergencies till the situation becomes normal and stay healthy.
Issued in Public Interest

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