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Registration of Daiwa Mutual Fund cancelled

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November 29, 2013 6:14 IST | India Infoline News Service
Pursuant to the transfer of schemes of Daiwa Mutual Fund to SBI Mutual Fund and at the request of Daiwa Mutual Fund, Securities and Exchange Board of India (SEBI), vide its letter dated November 26, 2013, has cancelled the certificate of registration of Daiwa Mutual Fund and has withdrawn the approval granted to Daiwa Asset Management (India) Private Limited, to act as the Asset Management Company to the Mutual Fund.

Consequently, with immediate effect, the Daiwa Mutual Fund, the Daiwa Trustee Company (India) Private Limited and Daiwa Asset Management (India) Private Limited cannot carry out any activity as a Mutual Fund, Trustee Company and Asset Management Company respectively.

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