Implementation of Uniform Applicability of NAV on BSE StAR MF Platform - Update

This is further to the notice issued no. 20210130-4 dated January 30, 2021 with reference to the implementation of Uniform Applicability of NAV with effect from February 1, 2021 whereby NAV shall be applicable based on funds realisation. 

Members are hereby informed that transaction amount for debit to investor bank account are being sent as per the current practice. We have been given to understand from our service providers that they have been experiencing some technical issues at NPCI since January 29, 2021. Consequently, they have not been able to get the funds confirmation status as well as the funds from the investor’s destination bank as per the TAT stipulated by NPCI. 

Further, members may please note that Exchange shall process the transactions based on the funds confirmation status and actual funds status as provided by NPCI 


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