Registration of Daiwa Mutual Fund cancelled - Sebi

Pursuant to the transfer of schemes of Daiwa Mutual Fund to SBI Mutual Fund and at the request of Daiwa Mutual Fund, Securities and Exchange Board of India (SEBI), has cancelled the certificate of registration of Daiwa Mutual Fund and has withdrawn the approval granted to Daiwa Asset Management (India) Private Limited, to act as the Asset Management Company to the Mutual Fund in the letter dated November 26, 2013,.

Consequently, with immediate effect, the Daiwa Mutual Fund, the Daiwa Trustee Company (India) Private Limited and Daiwa Asset Management (India) Private Limited cannot carry out any activity as a Mutual Fund, Trustee Company and Asset Management Company respectively.