Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure

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..... Infrastructure. 1. SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had permitted Mutual Fund Distributors to use recognised stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual Fund/Asset Management Companies on behalf of their clients. 2. Paragraph 5 of the aforesaid circular is as under "The MF distributors shall not handle payout .....

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