Description

BSE introduces Sampoorna SIP facility for systematic investment registrations through manual entry with mandatory target scheme and amount requirements.

Summary

BSE has introduced the Sampoorna Systematic Investment Plan (SIP) facility on the BSE StAR MF platform for Aditya Birla Sun Life schemes. This new facility allows MFIs/MFDs/RIAs to register Sampoorna Systematic Registrations for clients in Non-Demat mode only, with enhanced features including mandatory target scheme and target amount specifications.

Key Points

  • Sampoorna Systematic Registrations available only in Non-Demat mode for specific AMC schemes
  • Manual entry process with dropdown selection between Regular or Sampoorna Systematic Registrations
  • Available for SIP/XSIP/ISIP registrations
  • Target Scheme and Target Amount are mandatory fields for Sampoorna registrations
  • Dedicated reporting mechanism with Exchange Remarks column identification

Regulatory Changes

  • Introduction of new Sampoorna SIP registration category alongside existing Regular SIP registrations
  • Enhanced registration process with additional mandatory fields for target-based investments
  • New reporting structure with specific identification markers in systematic registration reports

Compliance Requirements

  • MFIs/MFDs/RIAs must use manual entry process for Sampoorna SIP registrations
  • Mandatory completion of Target Scheme and Target Amount fields when selecting Sampoorna option
  • Access registration through specified paths: SIP (Systematic Transaction » SIP » SIP Registration) and XSIP (Systematic Transaction » XSIP » XSIP Registration)
  • Monitor registrations through updated reports with Sampoorna identification in Exchange Remarks

Important Dates

  • Effective Date: August 1, 2025
  • No specific deadlines mentioned for implementation

Impact Assessment

  • Operational enhancement for mutual fund intermediaries providing more structured SIP options
  • Improved tracking and reporting capabilities for systematic investments
  • Enhanced client service offering through target-based investment planning
  • Minimal disruption as existing procedures remain unchanged except for specified enhancements
  • Potential increase in systematic investment registrations through improved functionality

Impact Justification

Operational enhancement for mutual fund intermediaries affecting SIP registration process