Mumbai, Feb 6 (IANS) The Securities and Exchange Board of India (SEBI) has proposed to allow investors to set up standing instructions for systematic withdrawal plans (SWP) and systematic transfer plans (STP) for mutual fund units held in demat accounts, a facility currently available only for units held in the statement‑of‑account mode.Under the proposal, demat investors would be able to do one time registration of SWP or STP mandates with depositories or stock Exchanges, which removes the …
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