New Delhi: In the wake of the COVID-19 pandemic and the continuing lockdown, the BSE on Monday stated it has launched the SIP pause facility on its mutual fund distribution platform.

The choice will enable members to pause their purchasers’ systematic funding plans (SIPs) for a sure interval after which proceed with their SIPs after the pause interval, the change stated in a discover.

Pause registrations underneath this facility might be accepted as per the phrases and situations laid down by respective asset administration firms (AMCs), it added.

During the lockdown scenario, buyers are rethinking their funding selections, leading to both redemption, discontinuation or pausing of their ongoing SIP, the BSE stated.

“Based on the demand of the investors and members, the Exchange is pleased to announce the introduction of SIP pause facility on the BSE StAR MF Platform,” it stated.

Currently, the pause facility is on the market in eligible schemes of 9 AMCs — Nippon India Mutual Fund, L&T Mutual Fund, Edelweiss Mutual Fund, BOI AXA Mutual Fund, Essel Mutual Fund, DSP Mutual Fund, Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund and Mahindra Mutual Fund.