Facility to transact in Mutual Fund Schemes through the Stock Exchange infrastructure has been further enhanced to facilitate Clients to subscribe to Mutual Fund (MF) Units of ELSS through the Stock Exchange infrastructure. The MF units of ELSS credited in the Beneficial Owner account of Clients by their Clearing Members (CM) would be locked-in for a period of three years from the date of allotment.
(Ref: Circular Nos. NSDL/POLICY/2010/0137 dated December 24, 2010 and NSDL/POLICY/2011/0019 dated March 4, 2011.)
NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In February 2011, such programmes were conducted in Bangalore, Chennai, Kochi, Kolkata, Lucknow, Mumbai, New Delhi, Patna, Pune, Rajkot, Siliguri. In all, 1,611 persons attended the training programmes conducted at these locations.
In February 2011, following two Participants became operational in NSDL.
|Sr. No.||Participant Name||City|
|1||The Lakshmi Vilas Bank Limited (DP ID IN303892)||Karur|
|2||Responce Securities Private Limited (DP ID IN303884)||Kolkata|
The above additions take the total number of operational Participants to 293 and the total number of DPM set-ups to 365.
NSDL has informed all its Participants that pursuant to the closure of Participant operations by Edelweiss Finance & Investments Limited, its certificate of registration as a Participant of NSDL has been cancelled by SEBI and it has ceased to act as a Participant.
(Ref: Circular No. NSDL/PI/2011/0219 dated February 1, 2011)