Instant access facility and e-wallet rules enable same-day redemptions and digital mutual fund subscriptions subject to compliance and transaction limits. SEBI permits an Instant Access Facility for resident individuals in liquid schemes allowing same day credit of redemption proceeds under specified NAV cut off rules, subject to board/trustee approval, liquidity buffers without borrowing, inclusion in stress testing, and disclosures. Separately, SEBI allows e wallet (PPI) subscriptions provided AMCs contract with PPI issuers, comply with cut off and time stamp norms, restrict payment sources and incentives, enforce an annual per fund investment limit aggregated with cash, and ensure redemptions are credited only to the investor's bank account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Instant access facility and e-wallet rules enable same-day redemptions and digital mutual fund subscriptions subject to compliance and transaction limits.
SEBI permits an Instant Access Facility for resident individuals in liquid schemes allowing same day credit of redemption proceeds under specified NAV cut off rules, subject to board/trustee approval, liquidity buffers without borrowing, inclusion in stress testing, and disclosures. Separately, SEBI allows e wallet (PPI) subscriptions provided AMCs contract with PPI issuers, comply with cut off and time stamp norms, restrict payment sources and incentives, enforce an annual per fund investment limit aggregated with cash, and ensure redemptions are credited only to the investor's bank account.
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