The Indian Clearing Corporation Limited (ICCL) on July 26, 2024, notified regarding the Redemption Funds payout for Non-Demat Redemption Orders on BseStar MF.
The following has been stated:
• The Discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform, all Market participants are hereby informed that redemption funds payout for Non-Demat Redemption Transactions/SWP, RTAs/AMCs will directly be credited to the bank account of respective Clients as per scheme TAT.
• The Market participants can view the redemption payout details from the report available at the path on BseStar MF:
Daily Downloads-New Reports-Member Reports-Redemption Payout Date Report Physical
[Notification No 20240726-44]
