Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 4.8
Article rating: 5.0
Article rating: 3.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: No rating
Article rating: 4.2
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating


E-mandate facility to be launch to speed up SIP registration time: BSE

Author: IANS/Saturday, January 20, 2018/Categories: Mutual Funds

E-mandate facility to be launch to speed up SIP registration time: BSE

New Delhi, Jan 19 - Stock exchange major BSE on January 19 said it will introduce e-mandate facility on its Mutual Fund distribution platform -- BSE StAR MF -- from January 20 in order to reduce the time taken for Systematic Investment Plan (SIP) registration.

"This is completely paperless framework that will reduce the time taken for mandate approval to three days from 10 to 35 days taken for paper based mandate approval," the BSE said in a statement.

In December 2017, the e-mandate facility was introduced by the National Stock Exchange of India (NSE) on its Mutual Fund platform.

"BSE has implemented e-mandates through HSBC and ICICI (as sponsor banks) along with Digio as an e-sign service provider," it added.

"We are confident that BSE StAR MF has the potential to completely change the distribution framework of Indian Mutual Fund industry by reducing the cost and increasing the predictability of processes," said Ashishkumar Chauhan, Managing Director and CEO, BSE.

Print Rate this article:
No rating

Number of views (303)/Comments (0)

Kavita Giridhar Mallya


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free