Share Market: New rule of share market will be applicable from May 1, if this work is not done then you will not be able to invest

The rule will be applicable from May 1, 2023
In this sequence, another update has been asked from SEBI. On behalf of SEBI, it was said that the digital wallet used for investing in mutual funds should be compatible with ‘Know your customer’ (KYC) of Reserve Bank of India (RBI). The market regulator said in its circular that this provision will be implemented from May 1, 2023. If the KYC of your digital wallet has not yet been done, then get this work done as soon as possible.

Let us tell you that on May 8, 2017, SEBI had given some relaxation in the rules keeping in mind the young investors. According to this circular issued by SEBI, young investors were allowed to invest in mutual funds up to Rs 50,000 through e-wallet. The move was also part of efforts to promote digital payments in the mutual fund industry and bring savings to the capital market. After this change, the number of mutual fund investors increased rapidly.