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In a recent press release, SEBI has said that the Centralized Fee Collection Mechanism for Investment Advisers and Research Analysts (CeFCoM), the secure and closed ecosystem launched by the regulator to ensure that investors pay fees only to registered investment advisers and research analysts, has received payments of over Rs. 5 crore as of June 10, 2025.
CeFCoM has been operation since October 1, 2024 and is managed by BSE Ltd in association with MF Utilities India.
The platform allows investors to make payments of fees through multiple payment modes such as net banking, debit card, UPI/UPI autopay, IMPS, NEFT, RTGS, eNACH, cheque and credit cards. The regulator has asked investors to pay fees to advisers and research analysts through this platform.