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SEBI issues consent order against JP Morgan MF

SEBI issues consent order against JP Morgan MF

Thursday, March 30, 2017, 9:48 AM

The Securities and Exchange Board of India (SEBI) has passed a consent order in the matter of J P Morgan Mutual Fund, whereby the fund house will pay Rs.91.80 lakh as settlement charges and be barred from launching new schemes for a period of one year. Incidentally, Edelweiss Asset Management acquired JP Morgan's mutual fund business in March 2016.
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