RTA inter-operable Platform for enhancing investors’ experience in Mutual Fund transactions / service requests

Last updated: 28 July 2021

Save Share

Quick Summary

The Securities and Exchange Board of India (SEBI) is introducing a new, industry-wide platform to improve the experience for mutual fund investors. This platform will allow investors to easily manage transactions like purchases and redemptions, as well as service requests such as updating personal details. It aims to provide a single, integrated interface for accessing all mutual fund services and reports across different funds.

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/604 July 26, 2021 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Board of Trustees of Mutual Funds/ Registrar and Transfer Agents of Mutual Funds (RTAs) Association of Mutual Funds in India (AMFI) Depositories Sir / Madam, Subject: RTA inter-operable Platform for enhancing investors experience in Mutual Fund transactions / service requests In order to make it

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Notice & Circular Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN - Rs.~~1999~~

1799

(Excl. of GST ₹323)

2 Years PLAN - Rs.~~3499~~

3149

(Excl. of GST ₹566)

BEST VALUE

3 Years PLAN - Rs.~~4999~~

4499

(Excl. of GST ₹809)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

FAQ :

The platform is designed to create a common, industry-wide system that offers a unified and improved experience for investors managing their mutual fund transactions and service requests.

Investors will be able to perform mutual fund transactions (purchase, redemption, switch), initiate and track service requests (like updating contact details), and access investment reports (holdings, transaction history, capital gains, unclaimed dividends).

The platform is being implemented in phases, starting with non-financial transactions, and is expected to be fully operational by December 31, 2021.

Registrar and Transfer Agents (RTAs) are responsible for implementing standardized practices and developing the platform, with facilitation from Asset Management Companies (AMCs) and Depositories.

Yes, the platform may over time provide services to distributors, registered investment advisors, AMCs, and digital platforms to further enhance ease of investing and servicing.

The platform must be scalable with robust cyber security protocols and adopt SEBI's Cyber Security and Cyber Resilience framework for Market Infrastructure Institutions.

Notification No : SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/604
Source : https://www.sebi.gov.in/legal/circulars/jul-2021/circular-on-rta-inter-operable-platform-for-enhancing-investors-experience-in-mutual-fund-transactions-service-requests_51395.html

285 Views Comment Share Investments & Personal Finance Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments