India:
The Securities And Exchange Board Of India Vide Circular No. SEBI/HO/MRD1/DSAP/CIR/P/2020/29 Dated 26th February 2020 Allows Investors To Access Infrastructure Of Stock Exchange To Purchase And Redeem Mutual Funds.
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- SEBI vide its Circular no.
CIR/MRD/DSA/32/2013 dated October 04, 2013, and CIR/MRD/DSA/33/2014
dated December 09, 2014 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.
- Later, SEBI vide its Circular no.
SEBI/HO/MRD/DSA/CIR/P/2016/113 dated October 19, 2016 allowed SEBI
Registered Investment Advisors (RIAs) to use infrastructure of the
recognised stock exchanges to purchase and redeem mutual fund units
directly from Mutual Fund/Asset Management Companies on behalf of
their clients, including direct plans.
- In order to further increase the
reach of this platform, SEBI allows investors to directly access
infrastructure of the recognised stock exchanges to purchase and
redeem mutual fund units directly from Mutual Fund/Asset Management
Companies.
https://www.sebi.gov.in/legal/circulars/feb-2020/facilitating-transaction-in-mutual-fund-schemes-through-the-stock-exchange-infrastructure_46093.html
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