Business Standard

Exchanges can offer direct mutual fund plans after approval from Sebi

"This is expected to provide level playing field to exchange MF distribution platforms vis-a-vis MF utility," said Ganesh Ram , Head of BSE Star MF



Jash Kriplani Mumbai
The direct plans offered by mutual funds (MFs) can get major boost with the Securities and Exchange Board of India (Sebi) now allowing investors to use exchange platforms to buy and sell their units, which could lead to exchanges offering such plans to MF investors.

"In order to further increase the reach of this platform, it has been decided to allow investors to directly access infrastructure of the recognised stock exchanges to purchase and redeem mutual fund units directly from mutual fund and asset management companies," Sebi said in its circular on Wednesday. 

"This is expected to provide level playing
Topics : Sebi

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First Published: Feb 26 2020 | 7:38 PM IST

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