MF News For mutual fund investors, exchanges offer better facilities

For mutual fund investors, exchanges offer better facilities

Last week, the BSE introduced switch facility and SIP/XSIP registrations on both demat and non-demat modes on its StAR MF platform. In addition, SIP/XSIP registrations with direct pay-out of units will be offered in the demat mode. XSIP or Exchange SIP is a facility offered to member brokers and mutual fund distributors to register their client’s electronic clearing services bank mandates.

Source: Business Standard Jun 9, 2015

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