Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure

Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure https://www.taxtmi.com/circulars?id=58223 Allows Mutual Fund Distributors registered with AMFI, and permitted by the concerned recognised stock exchange, to use recognised stock exchanges' infrastructure to purchase and redeem mutual fund units directly from mutual funds/AMCs on behalf of clients; distributors shall not handle pay-in, pay-out or unit custody, with clearing corporations and depositories ensuring direct settlement to investor accounts and demat accounts, and exchanges shall prescribe permission criteria and operating guidelines. en-us Fri, 04 Oct 2013 00:00:00 +0530 Thu, 13 Dec 2018 12:20:00 +0530 TaxTMI RSS Generator Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure https://www.taxtmi.com/circulars?id=58223 Allows Mutual Fund Distributors registered with AMFI, and permitted by the concerned recognised stock exchange, to use recognised stock exchanges' infrastructure to purchase and redeem mutual fund units directly from mutual funds/AMCs on behalf of clients; distributors shall not handle pay-in, pay-out or unit custody, with clearing corporations and depositories ensuring direct settlement to investor accounts and demat accounts, and exchanges shall prescribe permission criteria and operating guidelines. Circulars SEBI Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58223