Commonly Asked Questions (CAQs).doc

Commonly Asked Questions (CAQs).doc - Commonly Asked...

This preview shows page 1 - 4 out of 7 pages.

Commonly Asked Questions Commonly Asked Questions Commonly asked Questions on BSE StAR MF:
Image of page 1

Subscribe to view the full document.

1. How is StAR MF different from the existing process for subscription to and redemption of mutual funds? Till now, an investor who wanted to subscribe to a mutual fund had to identify a distributor of the mutual fund and submit all documents along with payment instrument where applicable to the distributor or directly to Mutual Fund/AMC/RTA. The subscription/redemption request would then get processed and investor would know about status of the request only in the form of direct communication from Mutual Fund/AMC/RTA. In StAR MF, the investor has a chance to deal with a SEBI-registered BSE member who is eligible to participate in StAR MF for subscription/redemption of units. Members would enter the order into StAR MF. Investor would be able to know the order details and modify his order details till the order acceptance time ends i.e. up to 3.00 pm. By end of the day investor would also get to know about the validity of his order and the value at which the units/proceeds would get credited/redeemed to his account. 2. Who all can use this new electronic platform? All mutual fund investors can use this electronic platform of the BSE. This stock exchange platform is an additional facility and the existing (physical) route thru MF distributor / IFA will continue as before. Individuals, HUF and Body Corporate can participate in StAR MF subject to completing the KYC procedure. In case of a minor, the guardian would have to be KYC compliant. 3. Does a MFI/BSE Member always have to go through a separate empanelment process each time to be able to transact on the related schemes? The BSE would enable the AMC for MFIs/Members under following circumstances: 1. When the BSE receives confirmation OR an instruction from the AMC for enabling the particular ARN i.e. MFI for their schemes or; 2. When the BSE receives the confirmation letter of AMC, forwarded by MFIs, with regards to their being appointed / empanelled as a Distributor of their schemes. Once receiving any of the above, the respective MFI is enabled / activated for the specific AMC. It is only a one time process for each AMC and does not require to be activated for each scheme. 4. Can an investor invest in any and all Mutual Fund schemes? An investor would be able to deal in MF units of only those Mutual funds that have signed up with BSE (called participating MFs) for availing this facility. The AMCs would then notify the schemes that they wish to permit on the BSE platform. All schemes available on this platform as well as additions or deletions thereto would be informed to the BSE MFIs and investors thru Notices.
Image of page 2
5. Whom does an investor have to contact for availing this facility?
Image of page 3

Subscribe to view the full document.

Image of page 4
  • Summer '17
  • allen dasu
  • StAR MF

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern