Organisation : Bombay Stock Exchange
Facility : Application for New Membership of Mutual Fund
Home Page : https://www.bseindia.com/
Download here :https://www.statusin.in/uploads/1529-Letter%20of%20application.docx
Application for New Membership of Mutual Fund :
A Web-Based Order Routing System for Allotment & Redemption of Mutual Fund units with Facilities like Branch & Dealer Admin Creation and Assigning Client-level Transaction Limits.
Related : BSE Invest In Rajiv Gandhi Equity Scheme : www.statusin.in/1541.html
Advantages to investors / other stakeholders of using BSE StAR MF :
Reduction of paper work :
with respect to application forms, cheques, collection statements, etc. especially in Demat accounts.
Convenience :
Existing investors can invest through same broker and same point as secondary market. Also they can view all (Equity, Debt, MF) investments in one Demat A/c.
Reduction of paper work :
with respect to application forms, cheques, collection statements, etc. especially in Demat accounts.
Faster Execution :
Allotment by way of Demat credit and hence Investors can get Demat units on the next working day.
Salient Features Eligibility Criteria
** Browser-based front end
** Architecture provides scalable operation and flexible deployment options
** Link-ups with both depositories CDSL and NSDL.
** Facility for one-time registration of client, Report generation facility.
** Branch, Dealer admin creation & client level limit allocation.
** Detailed information on various schemes.
ARN (AMFI Registration No) :
In the Name of the Firm (Same name in which the member is registered in the cash segment in BSE).
** AMFI certificate :1
** Board resolution
** Letter of Application on member’s letter head
** Undertaking by member to Exchange (on Rs.200 Stamp paper – Notary not required).
** Separate Bank Settlement A/c for MF segment