BSE launches iSIP for MF investors

New Delhi: BSE said it has introduced a paperless SIP facility for mutual fund investors, a move that will drastically cut the registration time and also allow subscribers to transact through different payment modes including net banking. As there will be no requirement of filling physical forms under the new facility, the chances of errors that presently result in rejection of many applications will also not exist. BSE has introduced iSIP, which will help the investors to set up a form of SIP without involvement of any documentation, the exchange said.  The new feature would be available through BSE, reports                 –PTI.