Notice No.   20230104-23   Notice Date   04 Jan 2023
Category   Trading   Segment   Mutual Fund
Subject   Discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform – Update
Attachments   Annexure I - Revised Client Master Upload.xls ; Annexure II - Revised SIP-XSIP-ISIP Format.xls ;

This is in continuation to below notices

        ·     Notice no. 20220818-45 dated April 22, 2022 in respect of ‘Discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform’

        ·      SEBI Circular no. SEBI/HO/IMD/IMD-I DOF1/P/CIR/2022/132 dated September 30, 2022 in respect of ‘Two-Factor Authentication for transactions in units of Mutual Funds’

        ·      Notice No.  20210804-2 and 20220429-38 dated August 4,2022 and April 29, 2022 in respect of “Enhancement of UCC Registration Structure”

        ·       Notice No. 20220902-46 dated September 2, 2022 in respect of “Nomination for Mutual Fund Unit Holders”.


As per the above-mentioned SEBI Circular, Members are hereby informed that Two-Factor Authentication shall be extended to all types of Subscription transactions in the units of Mutual Funds.

In view of the above Circular, system enhancement shall be carried out to accommodate the Two Factor Authentication.

       1.       Client Registration :

The existing format for Client Registration and Nominee Details Upload shall be merged into a single file upload format. Revised new structure is attached as Annexure I.  The Existing structure shall be discontinued on April 30, 2023 after market hours.

       2.       SIP/XSIP/ISIP Registration :

2 more Additional columns and 4 fillers shall be added in SIP/XSIP/ISIP registration upload structure :

        ·         Primary Holder Email

        ·         Primary Holder Mobile

        ·         Filler 1

        ·         Filler 2

        ·         Filler 3

        ·         Filler 4

These additional fields shall be populated in all the Registration Reports.

Revised structure for SIP/XSIP/ISIP registration and reports are attached as Annexure II.

All members using third party vendor solutions and/or in-house developed trading application are hereby requested to take note of the above and arrange to initiate necessary development at their end.

For any query on the BSE StAR MF platform, you can reach us through our service centre on 022-45720450 & 022-45720650 on business days between 8.00 a.m. to 7.00 p.m. You can also raise your queries on our CRS portal:-


Ketan Jantre                                                 Zeeta Eustace

Sr. General Manager – Mutual Funds             Dy. General Manager – Mutual Funds