TaxTMI 
TaxTMI 
Facilitating transactions in Mutual Fund schemes through the Stock Exchange infrastructure
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....Mutual Funds in India (AMFI) Recognised Stock Exchanges/ Depositories /Registrar to an Issue and Share Transfer Agents Sir / Madam, Sub: Facilitating transactions in Mutual Fund schemes through the Stock Exchange infrastructure 1. The need for enhancing the reach of mutual fund schemes to more towns and cities has been aired through various forums/ channels. To address this issue, vari....
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....etailed operating guidelines to facilitate the same. 5. In this regard, you are advised that : 5.1. Empanelment and monitoring of Code of Conduct for brokers acting as mutual fund intermediaries- 5.1.1. The stock brokers intending to extend the transaction in mutual funds through stock exchange mechanism shall be required to comply with the requirements specified in SEBI circular MFD/CIR/....
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.... confirmation slip given by stock exchange mechanism to be considered sufficient compliance with clause 5, 6 and 8 of SEBI Circular SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006. 5.3. Statement of Account Where investor desires to hold units in dematerialised form, demat statement given by depository participant would be deemed to be adequate compliance with requirements prescribed unde....
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....nvestor desires to hold units in dematerialised form, the KYC performed by DP in terms of SEBI Circular MRD/DoP/Dep/Cir-29/2004 dated August 24, 2004 and this would be considered compliance with applicable requirements specified in this regard in terms of SEBI Circular ISD/AML/CIR-1/2008 dated December 19, 2008 by mutual funds /AMCs. 6. Stock exchanges and mutual funds/AMCs, based on the experi....