New Delhi :  Indian mutual funds have roped in global consultant KPMG to help them prepare for the Foreign Account Tax Compliance Act (FATCA) – a new law enacted by the US to help combat tax evasion by Americans through overseas entities including in India, reports PTI.

FATCA, which took effect from July 1, may have significant implications for Indians residing in the US and investing in products offered by the Rs 10 trillion Indian mutual fund industry.

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