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Important Announcement: Changes in the Mutual fund Journey w.e.f 1st July, 2022

Dear Customer,

A few changes would be implemented in our system beginning 1st July, 2022 to comply with SEBI circular SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/41. According to this circular, pooling of funds for investment in Mutual Funds will be prohibited.

The changes are given in the table below. For a better understanding, we have created videos/PDFs that will take you through the entire journey.

Sr. No. Journey PDF FAQ
1 Redemption Redemption Journey Redemption FAQs
2 ACH Not available ACH FAQs
3 2FA Not available 2FA FAQs
4 Lumpsum Purchase Not available Lumpsum Purchase FAQs
5 Switch Switch Journey Switch FAQs
6 SIP SIP Transaction Journey SIP Transaction Journey

The changes will bring in many advantages.

Few of the prominent advantages are:

  • A move to real-time-order placements
  • A better cut-off timing in line with the industry standards
  • Reduced time for SIP installment deduction as the new ACH mandate will be directly in favour of BSE
  • Full control and security of your portfolio thanks to Two-Factor Authentication

However, these changes also come with certain disadvantages. Some of the functionalities will be discontinued. They are as stated below

  • Ability to make MF Transactions in Demat mode for DP with joint holding
  • Sharekhan MF ledger facility
  • Ability to use Auto Sweep Feature, which enabled cross utilization between proceeds in equity segment and mutual fund segment

In case you have any queries, please feel free to reach out to reach out to your Relationship Manager/Branch Manager

Team Investment Solutions - Sharekhan

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Registered Office: Sharekhan Limited, The Ruby, 18th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400 028, Maharashtra, INDIA. Tel: 022 - 67502000. Sharekhan Ltd.: SEBI Regn. Nos.: BSE / NSE / MSEI (CASH / F&O / CD) / MCX - Commodity: INZ000171337; DP: NSDL/CDSL-IN-DP-365-2018; PMS: INP000005786; Mutual Fund: ARN 20669; Research Analyst: INH000006183; For any complaints email at igc@sharekhan.com.

Compliance Officer: Ms. Priya Sonawane; email id: compliance@sharekhan.com;Tel: 022-61150000.

Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and the T&C on www.sharekhan.com; Investment in securities market are subject to market risks, read all the related documents carefully before investing.

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