Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure — SEBI — IN

CIRCULAR
SEBI/HO/MRD/DSA/CIR/P/2016/113 October 19, 2016 To All Recognised Stock Exchanges, All Recognised Clearing Corporation, All Depositories. Dear Sir / Madam, Subject: Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure

SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had
permitted mutual fund distributors to use recognised stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual Fund/Asset Management Companies.
In order to broad base the reach of this platform, it has been decided to allow
SEBI Registered Investment Advisors (RIAs) to use infrastructure of the recognised stock exchanges to purchase and redeem mutual fund units directly from Mutual Fund/Assets Management Companies on behalf of their clients, including direct plans.
The other provisions of the above mentioned circulars remain unchanged.
This circular is being issued in exercise of powers conferred under Section 11 (1)
of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
This circular is also available on SEBI website at www.sebi.gov.in
Yours faithfully,
Bithin Mahanta
Deputy General Manager
Email: bithinm@sebi.gov.in

भारतीय ĤǓतभूǓत और ͪवǓनमय बोड[
Securities and Exchange Board of India

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Refers to

Facilitating Transactions in Mutual Fund Schemes through the Stock Exchange Infrastructure2013 · SEBI
“SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had permitted mutual fund distributors to use recognised stock exchanges' infrastructure”

Referred to by

Administration and Supervision of Investment Advisers2020 · SEBI
“SEBI, vide Circular SEBI/HO/MRD/DSA/CIR/P/2016/113 dated October 19, 2016, allowed registered Investment Advisers (IAs) to use infrastructure of the stock exchanges to purchase and redeem MF units directly from Asset Management Companies o…”