Since April 1, investors and distributors have been bogged down by new KYC rules that limit first-time investments in fund houses unless the KYC status is ‘validated.’ Among the casualties of this are some of the schemes launched in April by newer fund houses, who have had to reject applications because of incomplete KYC.
'Mrs Jhunjhunwala' To 'Rekha Jhunjhunwala': How The New Custodian Of Wealth Is Finding Her Feet forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
She is the daughter of billionaire Rafique Malik, the company's chairman. Her grandfather, Malik Tejani, founded it in 1955 in Mumbai. Farah has guided Metro Shoes into a new era of modern retail. The company's brands include Mochi, Metro, and Walkway.