Amfi stop mailing hard copy
You're referring to the decision by Association of Mutual Funds in India (AMFI) to stop sending hard copy statements to investors.
Yes, AMFI has announced that it will no longer send physical statements to investors, effective from April 1, 2022. This move is aimed at reducing costs, promoting digitalization, and minimizing the environmental impact of paper statements.
Instead, investors will receive electronic statements (e-statements) through their registered email IDs or mobile numbers. This will also enable them to access their statements at any time and from anywhere, making it more convenient and secure.
To ensure a smooth transition, investors are advised to:
- Update their email IDs and mobile numbers with their mutual fund (MF) schemes.
- Register for e-statements on the AMFI website or through their MF scheme's website.
- Verify their email IDs and mobile numbers to receive e-statements.
By switching to e-statements, investors can:
- Reduce paper clutter and minimize waste.
- Access their statements quickly and easily.
- Receive timely updates on their investments.
- Enjoy a more secure and convenient way to manage their investments.
If you have any questions or concerns about this change, you can reach out to your MF scheme's customer care or visit the AMFI website for more information.