Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l Fund schemes through the Stock Exchange Infrastructure. 1. SEBI vide circular SEBI /IMD / CIR No.11/183204/ 2009 dated November 13, 2009 and circular CIR/IMD/DF/17/2010 dated November 9, 2010, on captioned subject, facilitate purchasing and redeeming the permitted units of mutual fund schemes through stock exchange infrastructure. However, this facility was available for stock brokers and cle....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....und units directly from Mutual Fund/Assets Management Companies. 4. The recognised stock exchange shall grant permission on a request made by a AMFI registered mutual fund distributor on the basis of criteria including fee, code of conduct, etc. as laid down by it. 5. The MF distributors shall not handle payout and pay in of funds as well as units on behalf of investor. The recognised stock ....