BSE StAR MF Platform -


#1

How is Zerodha going register e-mandate on the BSE Star MF platform post this notice from BSE?

NOTICES

Notice No. 20181122-48 Notice Date 22 Nov 2018

Category Trading Segment Mutual Fund

Subject Suspension of E-Mandate Registration

Content

Further to our Notice No. 20180119-23 with respect to ‘Introduction of E-Mandate on BSE StAR MF platform’, MFIs/MFDs/RIAs are hereby informed that the said facility of E-mandate registration (manual/bulk) is suspended with immediate effect till further notice on BSE StAR MF Platform. There is no impact on Mandate registration in Physical and Scan mode.

Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Asst. General Manager – Mutual Funds


#2

We hadn’t gone live with the e-mandate (which uses AADHAR to sign the e-nach). This has been stopped by NPCI, so no one will be able to offer this for now.


#3

Hello Mr. Nithin,

I wish to know, how Zerodha as a discount brokerage house is undertaking mutual fund transactions i.e. SIP and lumpsum purchase transactions on BSE StAR MF platform in absence of e-mandate registration.

How is the payment being routed from client’s Bank Account to BSE StAR MF platform.

Kindly let me know.

Thanks & Regards,
CA. Mukund Pawar


#4

The funds will be deducted from the clients trading account and not from his bank account.


#5

Thank you for your timely response!

But once the funds are deducted from client’s trading account, where are the funds routed? Are the funds routed through BSE Star MF platform or are they routed directly to the Asset Management Company (AMC)/ Mutual Fund House?

Kindly let me know process flow.


#6

Hello Bhuvanesh,

Are you a part of the Zerodha team? Kindly let me know.

If not, then kindly don’t answer my queries/ questions. I wish to interact with the Zerodha team and not with any third person.

It’s a sincere request.


#7

Star MF handles this and I am from Zerodha. :slight_smile:


#8

Thank you for your response! Bhuvanesh
Great to hear that !