Does the trading member of BSE or NSE have to be AMFI certified or empanelled with HDFC Asset Management Company Limited (“HDFC AMC”) or registered with BSE & NSE to offer this facility?
Yes the trading member has to have an AMFI Registration Number (ARN) and has to be empanelled with HDFC AMC and also registered with BSE & NSE as Participant to offer this facility. • The units can be purchased/redeemed only if the investor has a demat account? No. The units transacted through the stock exchange can be purchased and redeemed in the demat as well as the physical form, as per the choice of the investor. • Which schemes can be purchased or sold through this route? CCurrently there are select equity and debt schemes (eligible schemes), which can be purchased and redeemed through this route. There are totally 20 eligible schemes, which are available as of now. Please refer to the Addendum dated December 3, 2009 Introduction of New Facility for Purchase/Redemption of Units through Stock Exchange(s) for the complete list of such eligible schemes. The list of eligible schemes is subject to change from time to time. • Is there any limit for value of transactions, which can be d
Related Questions
- Does the trading member of BSE or NSE have to be AMFI certified or empanelled with HDFC Asset Management Company Limited ("HDFC AMC") or registered with BSE & NSE to offer this facility?
- Are the units of the eligible schemes of HDFC Mutual Fund listed on BSE & NSE? Can the units be traded on the stock exchange(s)?
- Why use a subsidiary trading company?
