BSE notice 20260824-25 · 24 Aug 2026
Official title
Transaction Execution Process for Accredited and Non-Accredited Investors under Specialized Investment Funds (SIFs)
Official record
Open source pageSummary
Check the official recordThe BSE informs members about the transaction execution process for Specialized Investment Fund schemes on the BSE StAR MF Platform. Non-accredited new investors may place multiple purchase orders across schemes on the same day. This applies if the total investment amount equals or exceeds ₹10 lakh. Members must follow the attached process note for all investor types. Members using third-party or in-house trading applications must implement and validate all system and operational arrangements. These arrangements must support the processing of transactions at the Asset Management Company or Registrar and Transfer Agent level. Members must ensure strict adherence to these requirements.
What you must do
Key dates
Who is affected
Thresholds
[Image omitted. See the official document.]
| Notice No. | 20260824-25 |
|---|---|
| Notice Date | 24 Aug 2026 |
| Category | Trading |
| Segment | Mutual Fund |
| Department | Trading Operations |
| Subject | Transaction Execution Process for Accredited and Non-Accredited Investors under Specialized Investment Funds (SIFs) |
| Attachments | Order_Exectuion_Process_Note |
[Image omitted. See the official document.]
This is with reference to SEBI Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/26 dated February 27, 2025, pertaining to the regulatory framework for Specialized Investment Funds (SIFs).
Members are hereby informed that various Asset Management Companies (AMCs) have launched Specialized Investment Fund (SIF) schemes and enabled transaction execution in these schemes through the BSE StAR MF Platform.
As communicated by the AMCs, non-accredited new investors are permitted to place multiple purchase orders across SIF schemes on the same day, provided that the aggregate investment amount across all such purchase transactions is ₹10 lakh or more.
Further, based on the clarifications received from the AMCs, members are advised to refer to the attached detailed process note, which outlines the transaction execution process for both accredited and non-accredited investors investing in SIF schemes through the BSE StAR MF Platform.
Members are requested to take note of the above and ensure strict adherence to the prescribed process while executing transactions in SIF schemes.
Members utilizing third-party vendor solutions and/or in-house developed trading applications must ensure that all necessary system, operational, compliance, and process-related arrangements are implemented and validated to facilitate seamless processing of SIF transactions at the AMC/RTA end.
For any queries relating to BSE StAR Mutual Fund Operations, Members may contact the Mutual Fund Helpdesk at:
(Available on business days between 8:00 a.m. and 7:00 p.m.)
Members may also raise their queries through the CRS Portal: https://bsecrs.bseindia.com
| Arunkumar Ganesan | Mahesh Tare |
| VP - Mutual Fund | AVP - Mutual Fund |
