SEBI vide its Circular No. SEBI/IMD/CIR No.11/183204/2009 dated November 13, 2009 has informed that for transacting in mutualfunds through stock exchange platform, NSDL has enabled holding of mutual fund units in dematerialised form. In order to encourage investors to avail this facility, no fee will be levied to Participants till March 31, 2010 in respect of mutual fund units routed through the stock exchange platform.
Further details about this are mentioned in Circular No. NSDL/POLICY/2009/0116 dated December 5, 2009 issued to Participants and the same is posted on NSDL website www.nsdl.co.in.
NSDL conducts training and certifi cation programmes for Participants to increase the availability of trained personnel for depository operations. In November 2009, such programmes were conducted in Ahmedabad, Bangalore, Chennai, Coimbatore, Dehradun, Gurgaon, Hyderabad, Jaipur, Kochi, Kolkata,Mumbai, Nagpur, Nashik, New Delhi, Patna, Rajamundhry, Solapur, Tirupati, Trivandrum, Varanasi, Vijayawada and Vishakhapatnam.
Indian Clearing Corporation Limited (ICCL) has become operational in the capacity of CC of BSE for securities settlement purposes. The CC ID allotted to ICCL is IN001133.
ICCL has informed that it will act as a CC of BSE for facilitating orders placed for subscription/ redemption etc. of mutual fund units through BSE StAR MF platform. In this context, following Market Type Code has been added in the CC Calendar at the request of ICCL pertaining to settlement of mutual funds units:
|CC ID||Market Type Code||Description|
This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0115 dated December 3, 2009.
In November 2009, O. J. Financial Services Limited (DP ID IN303778) was made operational as a Participant of NSDL. It will conduct its depository operations from New Delhi. This takes the total number of operational Participants to 285 and the total number of DPM set-ups to 360.
Basis Point Securities Private Limited (DP ID IN303487), a Participant of NSDL has informed NSDL that it intends to close down its depository operations.
|Old Name||New Name||DP ID|
|Crossborder Investments Pvt. Ltd.||Edelweiss Finance & Investments Ltd.||IN303462|