Sebi says e-wallets for investing in mutual funds should be compliant with RBI-prescribed KYC norms
The capital markets regulator said that the provisions related to e-wallets for investing in mutual funds will be applicable with effect from May 1, 2023

The Securities and Exchange Board of India in its circular dated May 8, 2017, had already allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments. (Photo: Reuters)