News From Press BSE to launch paperless e-mandate facility on MF platform

BSE to launch paperless e-mandate facility on MF platform

Source: Economic Times Jan 20, 2018

Leading stock exchange BSE today said it will introduce e-mandate facility on its mutual fund distribution platform from tomorrow, a move that will help in significantly reducing SIP registration cycle.

"This (e-mandate) is completely paperless framework that will reduce the time taken for mandate approval to three days from 10 to 35 days taken for paper based mandate approval," BSE said in a statement.

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