You may be aware that SEBI has issued an order against Karvy Stock Broking ltd.
We just want to clarify that RTA activity is entirely under Karvy Fintech which is owned by General Atlantic now.
These two entities are separate structurally and functionality. Different Board manage these two companies. RTA is registered with SEBI and is subject to high degree of scrutiny from the regulator and oversight by us. The transactions are concurrently audited by our implant team. Unlike Broking companies RTAs do not get customer authorisation / power of attorney to deal with money. In MFs case money and investment are handled by AMC and RTA manages the data.
This is for your advance information.

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