The Bombay Stock Exchange (BSE) on February 29, 2024, notified regarding Uniformity in Cancellation of SIPs across Mutual Funds.
This is regarding the SEBI circular regarding Uniformity in the Cancellation of SIPS across Mutual Funds.
Given this Circular, certain modifications are enhanced in the Cancellation process for SIP/XSIP/ISIP registered on the BSE StAR MF platform. The existing remarks field shall be accommodated for the cancellation reasons to be entered by the members. There shall be a set of predefined reasons along with reasons codes, which shall be allowed for selection for SIP/XSIP/ISIP cancellation.
Reasons with respective codes are attached to the document.
The tentative go-live date for the changes as mentioned earlier shall be April 1, 2024.
[Notification No. 20240229-63]
