1. As per the latest amendment issued by CBDT, an individual's PAN will become in-operative w.e.f April 1, if not linked to their respective Aadhar number.
2. SEBI in a circular has set a 30 business day timeline for rebalancing mutual fund portfolios with a 60 day extension possible if the investment committee approves. Overnight Funds, Index Funds and ETFs are exempted.
3. SEBI in a circular has extended the date of implementing mandatory Two Factor Authentication for redemption orders to July 1.
4. UTI MF, ICICI MF and Invesco MF have launched the NFOs for UTI Nifty Midcap 150 Quality 50 Index Fund, ICICI Prudential Housing Opportunities Fund and Invesco India Invesco Eqqq Nasdaq 100 ETF FOF. The NFO closes on April 5, April 11 and April 13 respectively.
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