SEBI has withdrawn the registration of Sun F&C Mutual Fund and has also inhibited the approval granted to Sun F&C Asset Management (I) to act as the Asset Management company following their request. Fund and the Sun F&C Asset Management cannot carry out any activity as a mutual fund, trustees or Asset Management Company with immediate effect. Earlier the co. had handed over various schemes floated by it and the full responsibilities for management and administration of schemes to the principal mutual fund. |
