Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Sebi allows investors to access stock exchange infra to transact in MFs

Feb 26, 2020, 18:36 IST

PTI

New Delhi, Feb 26 () Capital markets regulator Sebi on Wednesday allowed investors to directly access the infrastructure of stock exchanges for purchasing and redeeming mutual fund units directly from mutual fund and asset management companies.

The move is aimed at further increasing the reach of the platform, Sebi said in a circular.

Before this, the regulator allowed investment advisors and mutual fund distributors to use stock exchanges for sale and purchase of mutual fund units in October 2016 and October 2013, respectively.

Prior to that, only brokers were allowed to utilise the exchange mechanism for transaction in mutual fund units.

SRS ANUANU

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)