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<h1>SEBI allows Registered Investment Advisors to use stock exchange platforms for mutual fund transactions, including direct plans.</h1> SEBI has expanded the use of stock exchange infrastructure for mutual fund transactions. Previously, mutual fund distributors could utilize this infrastructure to purchase and redeem mutual fund units directly from Mutual Fund/Asset Management Companies. Now, SEBI Registered Investment Advisors (RIAs) are also permitted to use this platform to conduct such transactions on behalf of their clients, including direct plans. This change aims to broaden access to the platform while keeping other provisions from the earlier circular unchanged. The circular is issued under the authority of the Securities and Exchange Board of India Act, 1992.