Facilitating transactions in Mutual Fund schemes through the Stock Exchange infrastructure

Facilitating transactions in Mutual Fund schemes through the Stock Exchange infrastructure https://www.taxtmi.com/circulars?id=58536 Clearing members may facilitate purchase and redemption of mutual fund units through broker/clearing member pool accounts, and depository participants may process redemption requests for dematerialised units; payment of redemption proceeds to, and crediting of units into, the broker/clearing member pool account discharges the mutual fund/AMC of its obligation to the individual investor, with brokers/clearing members responsible for onward settlement to investors. en-us Tue, 09 Nov 2010 00:00:00 +0530 Fri, 21 Dec 2018 10:49:00 +0530 TaxTMI RSS Generator Facilitating transactions in Mutual Fund schemes through the Stock Exchange infrastructure https://www.taxtmi.com/circulars?id=58536 Clearing members may facilitate purchase and redemption of mutual fund units through broker/clearing member pool accounts, and depository participants may process redemption requests for dematerialised units; payment of redemption proceeds to, and crediting of units into, the broker/clearing member pool account discharges the mutual fund/AMC of its obligation to the individual investor, with brokers/clearing members responsible for onward settlement to investors. Circulars SEBI Tue, 09 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58536