The Securities and Exchange Board of India in its notification dated 26th February, 2010, has allowed investors to directly access the infrastructure of stock exchanges for purchasing and redeeming mutual fund units straight from mutual fund and asset management companies.
SEBI in its earlier notifications has permitted mutual fund distributors and Registered Investment Advisors to use infrastructure of the recognised stock exchanges to purchase and redeem mutual fund units directly from Mutual Fund and Asset Management Companies (AMC). Therefore in order to increase the reach of the platform it is decided to allow investors to directly access infrastructure of stock exchanges from Mutual Fund/ Asset Management Companies.
Click here to read the Notification.
