All MU fund schemes will be launched on a single platform

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New Delhi: Keeping in view the growing craze of investors in various mutual fund schemes over the last few years, the market regulator SEBI has suggested setting up a platform where all schemes of all funds are available in one place.

The new platform will be set up by SEBI and mutual fund companies by December 31. Once this platform is launched, it will be able to process investment (buy-sell) in all schemes of the fund industry.

According to sources close to SEBI's scheme, the operation of the new platform will also be completed in different phases. In which other value added services including mobility will be provided to the investors.

The creation of this platform will make it easier for investors to invest in mutual funds as well as information about their investments. This platform will see a big change in the fund industry.

There will be interoperability on this platform between the Registrar of Mutual Funds and the Transfer Agent. In addition, the required documents have to be deposited in one place before investing. So as to help keep investors' data safe.

It may be mentioned here that at present about 25 million investors in the country have invested in various schemes of mutual funds.

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