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1. Genesis – NMF II Platform
2. About NMF II
3. Eligibility Criteria
4. NMF II Platform Features
5. Value Proposition
6. Mobile Application
7. Upcoming Developments on Platform
8. Details on NRI – registrations and transactions
9. API
10. Contact Us
11. System Interface
Content
a) Identify current roadblocks and hindrances :
• Majority transactions in non demat mode through physical paper
• Multiple forms and cheques for investment in different schemes
• Transactions involve huge cost in terms of human capital
• Wastage of time and efforts in transaction execution rather than financial advice
b) Industry Challenges
• Multiple RTAs – Multiple touch points
• Non standardization of industry practices
• Multiple Folios
• Time stamping of transactions
Genesis – NMF II Platform
Ideology for platform
c) Convenience – operational ease
• Elimination / reduction in paper work
• Single platform for multiple AMCs
• Reduction in cost and efforts to execute transactions
• Digitization of Mutual Fund applications
Particulars Count
AMCs active on the platform 35
% of AMC AUM available on platform 99%
IFAs / National level distributors registered on platform 2,424
Distributors spread across - locations 254
Investors registered on platform 2,80,000
Investors spread across - locations 1,807
Schemes active on NMF II platform 9,827
About NMF II
Valid AMFI Registration
Limited purpose membership with Exchange
Individual, Proprietors, Partnership firms, Corporates, LLP, Trusts, Societies, any entity granted registration
by AMFI
Fees and Deposits- Refundable deposits of Rs. 15,000/– for non Corporates
Rs. 25000/- for Corporate and
Annual renewal fee of Rs. 2000/-
Eligibility Criteria
• Access through a desktop / Mobile application – Geographical barriers removed
• Option to choose Demat / Non - Demat mode of holding
• Digitised transactions – complete elimination of paper and related cost
• Create basket of investments
• Facility to transact 24 *7
• Single payment for multiple investments across AMCs
• Multiple modes of payment – Cheque, NEFT/RTGS, Online, Mandate
• Registration of multiple bank account numbers (maximum upto 5)
• Facility to view Portfolio statement
• Various useful reports available on the platform
• Order Confirmation via SMS and Email to investor
• Branch Management and User Management features available
• Facility to re-trigger emails to investors –Payment link, OTP , FATCA / KYC
• Aadhar based E-kyc for investors
• Availability of mail back data on platform
• Integration through APIs
NMF II Platform Features
• No Direct Plans
• Platform integrates all stakeholders ( Investors/ distributors/ RTAs) electronically
• Facility to transact on the go through - Distributor Mobile Application
• Provision to upgrade constantly to incorporate all new developments in industry
• Daily reports to increase operational efficiency
• Facility to map investors to sub broker ARN / EUIN / Sub Users
• Reduced logistic requirement with Nil infrastructure cost
• Clients login provided – based on distributor discretion
• Dedicated helpdesk team to handle queries
Value Proposition
• One time investor registration – Investor Identification Number (IIN)
• Single cheque across multiple investments
• Single view of entire holdings in the industry
• Facility to view / transact online in MF units held in non-demat mode
• Conveniently trade – online / phone / paper order
• Order status confirmations via SMS / emails
• Redemption proceeds received directly in client’s registered bank account
Client Delight - Convenient & Transparent
Transactions Facilitated:
• Purchase
• Redemption
• Switch
• Systematic registration – SIP / SWP/ STP
• Exception entry – Purchase, Switch, Redemption
Mobile Application
Other Features:
• Transaction status
• ACH Mandate Registration
• ACH Mandate Registration report
• Transaction Listing report
• Generate Pay in Slip
• Multiple Bank Registration
Features round the corner –
• Instant redemption products
• Transactions through POA
• Additional Banks for direct debit facility
• Risk profiling, portfolio design, asset allocation tools
Upcoming Developments on Platform
Types of Non resident Accounts;
NRE ( Investment proceeds are repatriable freely)
NRO (Investment proceeds can be repatriated subject to RBI approval)
FCNR ( Investment proceeds are repatriable freely)
Types of Non resident tax status code available on platform;
NRI (HUF)
NRI (Minor)*
NRI (NRO)
NRI - Minor (NRO)
NRI – Others*
Details on NRI – registrations and transactions
* Pertains to NRE accounts.
NRI – Registrations
• Separate IINs are required to be created for NRO and NRE accounts with respective tax code and
mapping of NRO / NRE bank accounts respectively
• Foreign address is mandatory is for IIN registration
• In case the investor does not have Indian address, in contact details , “others” can be selected in city
and foreign details can be entered
• Cancelled cheque of NRO / NRE account is required to be submitted along with IIN registration form
NRI – Transactions
• In case of investments done through Foreign Inward remittances , FIRC ( Foreign Inward Remittance
Certificate) is required to be scanned and uploaded through the platform
Details on NRI – registrations and transactions
• Create Customer
• Purchase Transaction
• Redemption Transaction
• Switch Transaction
• Systematic Transaction
• Cease the Systematic Transaction
• Get IIN Transaction Reverse Feed
• Systematic Registration Report
• Get All IIN Details
• FATCA / KYC / UBO Registration
• Edit Customer Details
• IIN Modification Status
• ACH Mandate Registration
• ACH Mandate Report
• Systematic Cease Report
• Fetch Investor details in case of existing customer
contd...
API - Functionalities
• AMC Master
• Product Master
• Transaction Master
• Download payment mechanism
information
• Scheme Limit information
• Pan Exempt Category Information
• Bill desk Master Information
• Source of Wealth information
• Identification type master information
• UBO Master Information
• Pin Code Master Information
• Holding Master
• Occupation Master
• Country Master
• Bank Master
• State Master
• City Master
• Tax Master
API - Masters included
Location NSE Person Mobile No Email id
Mumbai Priyad Tadkod 9619497908 [email protected]
Mumbai Rohit Bohra 9930875812 [email protected]
Delhi Vikas Panwar 9582230061 [email protected]
Cochin Ravi Jain 9946708886 [email protected]
Ahmedabad Prashant Shah 9041057072 [email protected]
Kolkata Ishita Banerjee 9038704967 [email protected]
Chennai Rakesh Raman 9790912391 [email protected]
Hyderabad Abhishek Goud 9000100319 [email protected]
Contact Details – Region wise
“The National Stock Exchange of India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offer of its equity shares and has filed a Draft Red Herring Prospectus dated December 28, 2016 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of SEBI and the BSE Limited at www.sebi.gov.in and www.bseindia.com, respectively and of the Managers, Citigroup Global Markets India Private Limited at http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, JM Financial Institutional Securities Limited at www.jmfl.com, Kotak Mahindra Capital Company Limited at http://www.investmentbank.kotak.com, Morgan Stanley India Company Private Limited at http://www.morganstanley.com/about-us/global-offices/india/, HDFC Bank Limited at www.hdfcbank.com, ICICI Securities Limited at www.icicisecurities.com, IDFC Bank Limited at www.idfcbank.com and IIFL Holdings Limited at www.iiflcap.com. Investors should not rely on the DRHP for making any investment decision, and should note that investment in equity shares involves a high degree of risk, and for details see the section titled “Risk Factors” in the red herring prospectus, when available.
Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.”
Disclaimer