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JP Morgan Mutual Fund agrees to pay Sebi nearly Rs 92 lakh

JP Morgan Mutual Fund agrees to pay Sebi nearly Rs 92 lakh

Friday, March 31, 2017, 5:30 PM

The Securities and Exchange Board of India has settled legal proceedings against JP Morgan Mutual Fund after the fund house agreed to pay Rs 91.80 lakh as settlement charges for not complying with certain provisions of mutual fund regulations. The regulator alleged that the fund house had launched a particular scheme after the expiry of the scheme information document.
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