You submit documents not just once but repeatedly over time. Failure to do so can result in your accounts being frozen, blocking further transactions. This rigorous process is part of anti-money laundering guidelines ensuring institutions have up-to-date customer information. The KYC paradox However, while institutions verify your credentials, you seldom scrutinize the qualifications of those … Read more
MUMBAI : India’s markets regulator has devised a seven-point plan to regulate the growing tribe of financial influencers, said Kamlesh Varshney, full-time member of the Securities and Exchange Board of India (Sebi), at the FICCI’s 21st Annual Capital Markets Conference (CAPAM) on Friday. Varshney added that the plan has seven elements, including a mixture of … Read more
Mutual fund distributors, registered with the Association of Mutual Funds in India (Amfi), traditionally earned commissions through direct client interactions. However, influencers are now increasingly tapping into their extensive online followings to generate leads, merging finance with social media savvy. While some rely solely on mutual fund distribution, others diversify with paid partnerships and online … Read more