SIP pause facility on BSE’s MF distribution platform

New Delhi: In the wake of the Covid-19 pandemic and the ongoing lockdown, the BSE on Monday said it has introduced the SIP pause facility on its mutual fund distribution platform. The option will allow members to pause their clients’ systematic investment plans (SIPs) for a certain period and then continue with their SIPs after the pause period, the exchange said in a notice. Pause registrations under this facility will be accepted as per the terms and conditions laid down by respective asset management companies (AMCs), it added. During the lockdown situation, investors are rethinking their investment decisions, resulting in either redemption, discontinuation or pausing of their ongoing SIP, the BSE said. PTI

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