Extending facility of creating standing instructions for Systematic Withdrawal Plan (SWP)/ Systematic Transfer Plan (STP) for Mutual Fund units held in demat form

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....tock Exchanges (SEs) All Registrar and Transfer Agents (RTAs) All Depository Participants (DPs) All Mutual Funds (MFs) / All Asset Management Companies (AMCs) Association of Mutual Funds in India (AMFI) Sir/Madam, Subject: Extending facility of creating standing instructions for Systematic Withdrawal Plan (SWP)/ Systematic Transfer Plan (STP) for Mutual Fund units held in demat f....

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....commendations of Secondary Market Advisory Committee of SEBI, it has been decided to extend the facility of creating standing instruction for SWP/STP mandate for the Mutual Fund units held in demat form, to facilitate ease of doing business. 4. The aforesaid facility shall be implemented in the following two phases- 4.1. In Phase - I, the facility shall be made available for "Unit-based SWP ....

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.... 31, 2026. 6.2. Make amendments to the relevant bye-laws, rules and regulations for the implementation of the above framework, as may be applicable/necessary; 6.3. Carry out system changes, if any, to implement the above framework; 6.4. Disseminate the provisions of this circular on their website. 7. The provisions of this circular shall come into force with immediate effect. 8. Thi....