This is with reference to “AMFI Best Practices Guidelines Circular No. 107 / 2023-24 dated May 4, 2023 regarding acceptance of business only from empanelled Distributors”.
Members are hereby advised to ensure that before executing any subscriptions (Fresh/Additional Purchase/SIP/STP) or Switch transactions on BSE StAR MF platform, members should be duly empanelled with the respective AMCs.
Further, the below process is followed by RTAs for processing of transactions for non-empanelled members:
|
Transaction Type
|
Transaction Allotment
|
|
Non Demat Mode Allotment
|
Demat Mode Allotment
|
|
Fresh/Additional Purchase
|
DIRECT PLAN
|
REJECTION
|
|
Existing SIPs
|
DIRECT PLAN
|
REJECTION
|
|
Switch
|
DIRECT PLAN
|
REJECTION
|
|
Existing STPs
|
DIRECT PLAN
|
REJECTION
|
|
Redemption/SWP
|
No Impact
|
No Impact
|
Members are hereby requested to take note of the above. AMFI Circular is attached herewith for reference.
Members can reach us through our Mutual fund Helpdesk numbers on 022-45720450 and 022-45720650 on business day between 8:00am to 7:00pm. You can also raise your queries on our CRS portal: - https://bsecrs.bseindia.com
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Dy. General Manager – Mutual Funds |