 "Mutual funds, MFs")
Fund houses have urged investors to look at other bank accounts for their investment mandates if their mutual fund (MF) investments are linked to YES Bank.
“We have asked investors to de-link from YES Bank accounts as their funds could get blocked after redemption requests,” said the chief executive officer of a fund house.
On Thursday, the Reserve Bank of India (RBI) imposed a moratorium, capping withdrawal for account-holders at Rs 50,000. Among distribution platforms, Zerodha also urged investors to make the switch.
"We have cancelled all withdrawal requests made by clients to their YES Bank accounts so that the money doesn’t get
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