Revision in 2FA Authorization Process for Mutual Fund Transactions and Systematic Registrations/Cancellations on NSE MF Invest Platform

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National Stock Exchange of India Page 1 of 1 Non-Confidential Circular Department: NMF TM Segment Download Ref No: NSE/NMFTM/74998 Date: July 02,2026 Circular Ref. No: 1467/2026 To All Members, Subject: Revision in 2FA Authorization Process for Non-demat Mutual Fund Transactions and Systematic Registrations/Cancellations on NSE MF Invest Platform Members and Distributors are hereby informed that, pursuant to the revised Two-Factor Authentication (2FA) framework, the registered Email ID and Mobile Number maintained in the respective RTA records against the Folio Number and PAN shall be used for authorization of specified mutual fund transactions and systematic registrations/cancellations executed through the NSE MF Invest Platform with effect from 04th July 2026. • The revised process shall be applicable for the following transaction types: Additional Purchase Redemption Switch SIP/XSIP Registration and Cancellation STP Registration and Cancellation SWP Registration and Cancellation Members are advised to take note of the above changes. Detailed operational guidelines and process flow are provided in the attached Process Note (Annexure-I). For and on behalf of National Stock Exchange of India Limited Milton Dias Sagar Vaidya Associate Vice President Senior Manager Enclosure: Annexure I: Process Note Toll Free No Email id 1800 2100 940 support@nseinvest.com Page 1 of 2 2FA Process note For the below transaction types, the Email id and Mobile number will be fetched from the respective RTAs records based on the folio no. & PAN for the purpose of 2FA (Two factor authentication) at the time of transaction placement or registration/cancellation of systematic transactions. 1. Additional Purchase 2. Redemption 3. Switch 4. SIP/XSIP Registration & Cancellation with Folio 5. STP Registration & Cancellation with Folio 6. SWP Registration & Cancellation with Folio 7. SIP/XSIP Top-up registration Revised Authorization Process: 1. The existing process for placing transactions and registering/cancelling systematic transactions will remain unchanged. 2. After successful placement/registration/cancellation of the transaction, the investor will receive the SMS and/or Email based on RTA folio records, or UCC records in case no response is received from the RTA. 3. During authorization for 2FA, an option titled “Select Email/Mobile for Authorization” will be available in the dropdown menu, as illustrated below: a. If “All” is selected, all pending records available for authorization will be displayed. b. If the investor selects specific Email ID/Mobile no, the screen to display only those transaction records where in the respective email id and mobile are updated. Page 2 of 2 4. The Investor shall select the required orders/registrations/cancellations and choose the authorization mode (Email/Mobile/Both) 5. Based on the selected option, the respective masked Mobile Number and/or Email ID will be displayed. Upon clicking the “Send OTP” option, the OTP will be triggered through SMS and/or Email as per the selected authorization mode. Important Points • If the Mobile no. available in the RTA records is less than or greater than 10 digits, only the Email option will be available for 2FA authorization. In such cases, the Mobile option will not be displayed.