(3) In a circular issued on 12July 2016, Bombay Stock Exchange(BSE) announced tointroduce ‘Paperless SIP’ (systematicinvestment plans) thatwould allow mutual fund investorsto make transactionsthrough various modes of payments.The additional featureon BSE’s mutual fund platform— StAR MF — would allowMF distributors to registerSIPs for their clients, whocan pay SIP amounts throughvarious modes.