PPFAS Mutual Fund among 15 AMCs to offer voluntary lock-in for folios. Here is how Sebi’s rule works

With Sebi allowing mutual fund investors to temporarily block any withdrawals or debits from their mutual fund folios, PPFAS Mutual Fund along with 15 AMCs have rolled out a voluntary lock-in facility, offering an added layer of safety and control to investors with effect from April 30.

The new framework introduced by the Securities and Exchange Board of India (Sebi) allows investors to freeze their mutual fund folios so that no units can be redeemed, switched, or otherwise debited until the lock is removed.