The National Stock Exchange (NSE) on June 03, 2024, issued a circular regarding the Discontinuation of membership fees for Mutual Fund Distributors (MFDs) for registration on NSE MF platforms.
On reviewing the participation of Mutual Fund Distributors on the platform, it has been decided to discontinue the requirement of the membership registration fee of Rs. 2000/- till further notice.
The process for registration of MFD application shall remain unchanged.
[Circular No: 47/2024]