The Bombay Stock Exchange (BSE) on July 02, 2024, issued the notification regarding the Operating Guidelines w.r.t. Purchase Fund Reconciliation pursuant to the discontinuation of pool accounts for transactions in units of Mutual Funds on the BSE StAR MF Platform.
The following has been stated namely: -
• The PA/PG/Bank shall make sure that the funds towards subscription of mutual fund units are accepted through only such modes where independent traceability of end investor can be ensured, and source account details are readily available.
• PA/PG/Bank, for the purpose of facilitation/transfer of funds to the Approved Account of ICCL and upload of files/ MIS of funds credited to the Account of ICCL in STAR MF portal, are advised to follow the timelines stated in the notification.
[Notification No. 20240702-34]
