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    <title>Instant Access Facility and Use of e-wallet for investment in Mutual Funds</title>
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    <description>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&#039;s bank account.</description>
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