What confirmation will the investor get for the purchase order placed through the member in demat mode?
The investor will receive from the Trading Member a confirmation slip (which will contain unique confirmation number and date and time stamp of order entry) generated from the MFSS/ BSE StAR MF system. Till the Trading Member provides allotment details to the investor, the order confirmation slip would be the proof of the transaction. In the case of demat mode, demat statement given by depository participant would be deemed to be adequate compliance of the requirement of Statement of Account as specified in SEBI circular number SEBI/IMD/CIR No.11/183204/2009. • What is procedure for submitting redemption in the physical mode? Investor who chooses physical mode has to submit the following documents/details to the Trading Member: • Completed and Signed redemption request stating the Folio no. • Copy of PAN Card of first holder • Copy of PAN Card of each additional holder in case of joint investment • Copy or allotment statement / holding statement/ SOA displaying the scheme holdings to b
The investor will receive from the Trading Member a confirmation slip (which will contain unique confirmation number and date and time stamp of order entry) generated from the MFSS/ BSE StAR MF system. Till the Trading Member provides allotment details to the investor, the order confirmation slip would be the proof of the transaction. In the case of demat mode, demat statement given by depository participant would be deemed to be adequate compliance of the requirement of Statement of Account as specified in SEBI circular number SEBI/IMD/CIR No.11/183204/2009.
