SEBI allows a common platform for mutual fund investors’ service requests

Securities & Exchange Board of India has asked registrar and transfer agents (RTA) to jointly develop a common platform for serving existing and future mutual fund investors. The platform will allow investors to place both transaction and service requests.

The platform will be jointly built by RTAs- KFintech and CAMS. In the first phase the investors will be given access to the platform. “Initially the platform can be used to carry out 17 non-financial transactions,” says a senior official in mutual fund industry.