E to Its Eligible Members for Placing Subscription Or Redemption Orders Based on Orders

E to its eligible members for placing subscription or redemption orders based on orders received from the investors.

No KYC requirement

KYC is an acronym for "Know your Client", a term commonly used for Client Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds to know their clients. Applicant must be KYC compliant while investing with any SEBI registered Mutual Fund. These required identification proofs are already submitted for Equity based trading hence can be used for MF-IN-DEMAT.
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Purchase / Redeem cut off time till 14:00 HRS

In the MF-IN-DEMAT, investor will have an opportunity to deal with SEBI registered NSE member who is eligible to participate in MF-IN-DEMAT for subscription/redemption of units. Members would enter the order into MF-IN-DEMAT. Investor would be able to know the order details and modify his order details till the order acceptance time ends i.e. up to 14:00 HRS. By end of the day investor would also get to know about the validity of his order and the value at which the units would get credited/redeemed to his account
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Purchase / Redeem / Flexi SIP

Investors can purchase / redeem and create flexi sip for all the 1000+ schemes registered for trading in the MF-IN-DEMAT system..
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Consolidated DP

Investor would able to get a single view of his portfolio across multiple assets like securities, mutual fund units etc.,
Investor would be able to get services from same intermediary for different asset class
Investor would be able to optimize his investment decisions due to reduced time lag in movement of funds amet,
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Depository joint / nominee would be applicable.

For dealing in MF-IN-DEMAT, client details entered in MF-IN-DEMAT should exactly match the account holders name in the demat account. In other words, if, A and B are joint account holders of a demat account, for placing orders on MF-IN-DEMAT, client particulars to be given to member would be that of both A and B.
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Miscelleaneous Benefits.

1. Reduction of paperwork
2. Transparency in knowing status of order till completion thereby reducing disputes.
3. Redeemption amount refunded to the broker pool so that re-investment becomes easy.
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