Friday, November 15, 2013

Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure.

The Securities and Exchange Board of India  (SEBI) has said that a mutual fund Distributor registered with Association of Mutual Funds in India (AMFI) and who has been permitted by the concerned recognised stock exchange, (MF distributor) shall eligible to use recognised stock exchanges' infrastructure to purchases and redeem mutual fund units directly from Mutual Fund/Assets Management Companies.

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