Sebi has enabled a new optional feature for mutual fund investors: a voluntary lock-in that temporarily blocks withdrawals and debits from their folios. Fifteen AMCs, including PPFAS Mutual Fund, are rolling it out. The facility is available for both demat and non-demat holdings and can be accessed through MF Central, giving investors tighter control without full exit restrictions.
PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to become a sponsor for a pension fund under India’s National Pension System (NPS). The move potentially expands the set of players managing NPS pension funds, strengthening options for subscribers while bringing PPFAS into the regulated pension ecosystem.
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