|
|
|
|
  |
| NOTICES |
|
| Notice No. |
|
20210223-8 |
|
Notice Date |
|
23 Feb 2021 |
|
| Category |
|
Trading |
|
Segment |
|
Mutual Fund |
|
| Subject |
|
Implementation of Uniform Applicability of NAV on BSE StAR MF Platform - Update |
|
|
|
|
|
| Content |
|
|
This is further to the notice issued no. 20210211-8 dated February 11, 2021 with reference to the implementation of Uniform Applicability of NAV with effect from February 1, 2021 whereby NAV shall be applicable based on funds realisation.
Member are hereby informed that the current practice of amount getting debited on T-2 day for Demat as well as Non-Demat Systematic Registrations (all liquid instalments and non-liquid instalments amounting to more than or equal to Rs. 2 lakhs) will be discontinued on February 22, 2021.
The funds from the client account shall be debited from 23rd February 2021 on T day i.e. the SIP transaction day for Demat as well as Non-Demat Systematic Registrations (all liquid instalments and non-liquid instalments amounting to more than or equal to Rs. 2 lakhs). Members may please note that Exchange shall process the transactions based on the funds confirmation status received from NPCI and the actual funds received in ICCL account.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Asst. General Manager – Mutual Funds
|
|