FAQ About BSE Mutual Funds MFI

Ø 5 Working days

Ø Till 9.00 am (next day from order placed day)

Ø Payment done after market hours on same day then Next day NAV.

Ø Yes

Ø Balance amount will be refunded to client in 1 working day.

Ø Balance amount will be refunded to the bank from which funds were received

Ø If we cancel the order placed, then refund will be credited into default bank account within 5 working day

Ø If default bank is closed, then BSE ask where to refund the amount either in optional bank or client wants to update new bank account.

Ø No 

Ø No

Ø Cheque in favour of – ICCL / Indian Clearing corporation Limited

Ø Details to be mentioned on back side of the cheque:-

a.      Member Code

b.      Client code

c.      Order number

d.      Mobile number

Ø Cheque should be from default bank which is linked with DP.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20180511-23

Click on below link to view bank details .

• Cheque Collection facility through Axis Bank

Ø Inform client not to click on any link for order placed via cheque

Ø If client clicks on the link, order will not display on karvy’s platform. Then old order needs to be cancelled and need to place new order and same new order numbers needs to be mention on back side of cheque.

Ø With one cheque, we can place multiple orders & all order number needs to be mention on back side of cheque.

Ø Cheque needs to be submitted at Karvy on same day till 5.00 Pm.

Ø L0 – 1.00 Pm

Ø L1 – 2.30 Pm

Ø If order placed after cut off time, it gets executed on next working day with next day’s NAV.

Ø If L0 order placed after cut off time, then needs to put order in regular ISIN & not L0.

Ø L0 orders – same day

Ø L1 Orders – Next working day

Ø Yes, Path of BSE: Admin -> Resent Email Authentication

Ø If Email id is wrongly mapped on BSE.

Ø Need to check email in Spam, Junk or trash

Ø If email id is wrongly mapped, then modify email id & resent the payment link.

Ø Mail ID:- bsestarmf.bseindia.in

Ø If client clicks more than 1 time on the payment and selects any option from drop down.

Ø If payment is done then link will be inactive.

Ø If option is selected in drop down and payment not made then link will be inactive and needs to place order again.

Ø Karvy on same day

Ø Other banks

Ø T+1 working day

Ø No

Ø Path: Daily Downloads -> New reports -> Payment Reports -> Fund received status report

Path: Daily Downloads -> New reports -> Payment Reports -> Fund received report MFI

s

Ø Yes, Need a Gap between both the dates of 30 days

Ø After 3 constant bounce.

Ø Yes, Path: Systematic Investment -> Mandate -> Mandate shift Manual

Ø No

Ø If client is dormant and re-kyc is done then SIP will get activated automatically or need to cancel and re-register

Ø Till 11.59 pm

Ø No, client can use mandate for payment after 5 working days from the date of mandate approved.

Ø Direct Pay:- ICICI Bank, HDFC Bank, Kotak, Indusind, SBI – Funds receive on same day

Ø Nodal Pay:- Rest all the banks – Funds receive on T+2 working days

Ø E-Nach (Online): 10 Lakh

Ø Physical Mandate: 1 Cr

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191003-14

Ø Redemption will be processed on the same day

Ø Purchase will be processed on next working day

For different payment mode and their efficiency, kindly refer bsestarmf.in/paymentmodeTAT.aspx. 

Click on below link to view details .

Mutual Fund System - Bombay Stock Exchange Limited (bsestarmf.in)

Ø Virtual ID – Credit of Funds to BSE is on Real Time

Ø RTGS / NEFT - Credit of Funds to BSE is on T +1 (Depending upon the NEFT/RTGS clearing cycle and cut-off your bank)

Ø UPI - Credit of Funds to BSE is on T day

Ø Cheque - Credit of Funds to BSE is on T+2 or T+5

Ø Direct pay - Credit of Funds to BSE is on Real Time

Ø Nodal pay - Credit of Funds to BSE is on T+1 or T+2

Ø One time mandate - Credit of Funds to BSE is on T+2 or T+5

Lump Sum Transactions - Liquid Schemes:

Important Note: Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 1:00 PM)

Lump Sum Transactions - Non Liquid Schemes :

 = Date of application based on cut-off time

Important Note: Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 2:30 PM)

* While these 8 banks are technically enabled to provide real time credit, not all PA/AMC may be integrated with all the banks in which case the date of credit to MF account / unit allotment will happen on T + 1.

It may also be stated that the timings mentioned for UPI and Net Banking are subject to end to end funds confirmation received by the system from the respective aggregators.

XSIP/ISIP:

T = SIP date

* BSE will endeavour to ensure credit is posted to MF account on the same day of debit to investor's account. In certain circumstances, due to delay at Bank's / Payment Aggregator's end, the credit to MF account and the allotment could get delayed to T+1.

Important Note: Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 2:30 PM)

Ø No

Ø Path:- Daily Download -> New reports -> Member reports -> Redemption payout Date report

.A,B

PROCESS

Ø Paused is allowed in different scheme for different tenure

Ø Yes, it will automatically get activated.

Ø With mapping order

BSE

Ø Yes, no need to approve anything on link

Ø If it shows, one time mandate successful then payment is done successfully.

If it shows wait for some time, then reopen the link after 10-15 mins and process order. Do not place or cancel order till then

Only in physical mode can registered STP.

First we have to place the order and need to select physical mode. The client needs to authenticate and make the payment .

Second day one the folio is created we have to register STP from existing scheme to the new scheme and need to take the physical mode and need to mention folio ( need to mention full folio no (after slab .eg. 123222/04)

·        Client needs to authenticate the transaction the first time when we do register STP. The first time with initial.

·        If without an initial then the client needs to authenticate when the first transaction is processed.

·        Nippon scheme only monthly STP allowed in a liquid fund.

·        There is different day for different AMC for weekly STP. 

Purchase transactions are classified under 3 different categories viz; Normal, L0 and L1.

• L0 transaction - Transactions that are placed to purchase units of Liquid Mutual Fund schemes by selecting L0 as a suffix to the scheme type, are called L0 transactions. L0 transactions are accepted on the StAR MF platform till 1:30 p.m. only on a normal working day.
• L1 transaction: Transactions that are placed to purchase units of Non-Liquid Mutual Fund schemes and have a value of Rs 2 Lakhs and above are called L1 transactions. L1 transactions are accepted on the StAR MF platform till 2:30 p.m. only on a normal working day.
• Normal transactions – Transactions that are placed to purchase units of Non-Liquid Mutual Fund schemes and have a value of less than Rs. 2 lakhs are called as normal purchase transactions. Any Liquid transaction, which is not placed by suffixing L0 in the scheme type are also called Normal transactions.

Click on below circular to view the detail of demo and other information

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191003-14

file:///C:/Users/jitendramore/Downloads/Annexure%20I%20-%20UPI.PDF

Due to technical problem if the client not able authentication link then use below link for authentication .

HTTPS://AUTH.BSESTARMF.IN/LOGINAUTH.ASPX 

• Yes can place the physical redemption . Client need to complete process through authenticate link .
• For authenticate client will get link on registered email id & also he will received sms also

This is in continuation to the Notice No. 20230330-1 dated March 30, 2023 with regards to ‘Two-Factor Authentication for Subscription transactions in units of Mutual Funds on BSE StAR MF Platform’.

Members are hereby informed that as per the confirmation received from RTAs, Two-Factor Authentication for Redemption, Switch, SWP Registrations and STP Registrations shall not be applicable for Non-Demat transactions for Non - Individual Tax category.

Applicable Tax Status for Two-Factor Authentication of Redemption, Switch, SWP Registrations and STP Registrations are attached as Annexure.

There shall be no impact to the transactions received in Demat mode.

For any query on the BSE StAR MF platform, you can reach us through our service centre on 022-45720450 & 022-45720650 on business days between 8.00 a.m. to 7.00 p.m. You can also raise your queries on our CRS portal:- 

Daily download >New reports>Email/SMS report>New Authentication email /SMS log details

This is with reference to notice nos. 20200924-23 dated September 24, 2020 in respect of update on introduction of NACH E-Mandate through Net-Banking /Debit Card based authentication. 

As per the information received from our service providers, majority of nationalised as well as private banks have enhanced the ENACH Net banking and Debit card mandate limit to Rs. 50 lakhs. 

Members are hereby informed that BSE StAR MF Platform has accordingly enhanced ENACH mandate limit to Rs. 50 lakhs.   

However, members are requested to note that if destination bank of investor has not enhanced the limit, such mandates may get rejected from the destination Bank. The status received thus shall be updated on BSE StAR MF platform. 

For any further queries in this regard, kindly connect with our helpdesk team on 022-45720450 or You can also raise your queries on our CRS portal :- https://bsecrs.bseindia.com