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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Circular Enables Mutual Fund Transactions via Stock Exchange for Registered Distributors; Direct Handling by Clearing Corporations Only.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) facilitates transactions in mutual fund schemes through stock exchange infrastructure. It extends this facility to mutual fund distributors, allowing them to purchase and redeem mutual fund units directly from Asset Management Companies using recognized stock exchanges. Eligible distributors must be registered with the Association of Mutual Funds in India and permitted by the stock exchange. Distributors are prohibited from handling funds or units on behalf of investors, with transactions being directly managed by recognized clearing corporations. Stock exchanges are required to provide operational guidelines and amend their regulations as necessary.