Description
BSE introduces Sampoorna SIP facility for systematic investment registrations through manual entry 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, and RIAs to register Sampoorna Systematic Registrations for their clients in Non-Demat mode only for specific schemes designated by the AMC.
Key Points
- Sampoorna SIP registrations available only through manual entry on BSE StAR MF platform
- Available for SIP/XSIP/ISIP registrations in Non-Demat mode only
- Dropdown menu allows selection between Regular or Sampoorna Systematic Registrations
- Target Scheme and Target Amount are mandatory fields for Sampoorna registrations
- Registration reports available with specific identification in Exchange Remarks column
Regulatory Changes
- Introduction of new Sampoorna SIP facility as an additional option to regular SIP registrations
- New mandatory fields (Target Scheme and Target Amount) for Sampoorna registrations
- Enhanced reporting structure to identify 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
- Registration limited to schemes approved by AMC for Sampoorna facility
- All existing procedures and validations remain unchanged except for mentioned modifications
Important Dates
- Effective immediately from August 1, 2025
Impact Assessment
Medium impact on mutual fund intermediaries and investors using BSE StAR MF platform. The facility provides additional systematic investment options but requires manual processing and specific compliance with new mandatory fields. Limited to specific AMC schemes, affecting operational processes for market participants.
Impact Justification
New facility introduction affects MF intermediaries and investors using BSE platform