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Buy non-demat funds on stock exchanges

The Securities and Exchange Board of India (Sebi) has allowed mutual fund distributors to use the stock exchange platform for non-demat transactions for the sale and redemption of funds. This measure has come one year after Sebi allowed mutual fund distributors to use the infrastructure of stock exchanges for mutual fund transactions through demat accounts in October 2013. The purpose of this measure is to enhance the reach of mutual funds.

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