Description
BSE introduces Sampoorna SIP facility for systematic investment plans with target scheme and amount requirements on StAR MF platform.
Summary
BSE has introduced the Sampoorna Systematic Investment Plan (SIP) facility on the BSE StAR MF platform for Aditya Birla Sun Life schemes. This facility allows MFIs/MFDs/RIAs to register systematic investments with specific target schemes and amounts in Non-Demat mode only.
Key Points
- Sampoorna SIP registrations available only in Non-Demat mode for select AMC schemes
- Available for SIP/XSIP/ISIP registrations through manual entry only
- Target Scheme and Target Amount are mandatory fields for Sampoorna registrations
- Dropdown menu allows selection between Regular or Sampoorna Systematic Registrations
- Special reporting available to identify Sampoorna registrations
Regulatory Changes
- New Sampoorna SIP facility added to existing systematic investment options
- Enhanced registration process with additional mandatory fields
- Modified reporting structure to distinguish Sampoorna registrations
Compliance Requirements
- MFIs/MFDs/RIAs must use manual entry process for Sampoorna SIP registrations
- Must specify Target Scheme and Target Amount when opting for Sampoorna facility
- Must select appropriate registration type from dropdown menu
- Can access specialized reports to track Sampoorna registrations
Important Dates
- Effective immediately from August 1, 2025
Impact Assessment
This enhancement provides additional systematic investment options for mutual fund intermediaries and their clients. The facility expands investment planning capabilities while maintaining existing validation procedures. Impact is moderate as it affects operational processes for MFIs, MFDs, and RIAs using the BSE StAR MF platform.
Impact Justification
Introduces new SIP facility for mutual fund investments affecting MFIs, MFDs, and RIAs operations