NISM-Series V-A: Mutual Fund Certification Exam Notes
Page 43 Of 63
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Time Stamping is a fool proof mechanism of capturing the time at which the sale and re-purchase applications are received at official points of acceptance.
All transaction requests need to be submitted at the OPoAs. The time stamping on the transaction requests is done at the official points of acceptance.
SEBI and RBI have allowed Qualified Foreign portfolio investors who meet KYC requirements to invest in equity and debt schemes of Mutual Funds through two routes
1) Direct route - Holding MF units in Demat account through a SEBI registered DP
2) Indirect route - Holding MF units via Unit Confirmation Receipt (UCR)
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