Mandatory AutoPay For Mutual Fund Investment w.e.f April 01, 2022

If you are a mutual fund investor, things might change for you if you invest through a stockbroker or any other online platform after April 1, it may take a little longer for your money to reach your fund house.
This is due to a change in rules announced in circular dated 04 October 2021 by the capital market regulator, the Securities and Exchange Board of India (SEBI).In the circular, SEBI said that the use of pool accounts for mutual fund transactions will be prohibited from April 1, 2022.
What will come into effect starting April 01, 2022
You won’t be able to utilize your broker’s wallet/pool account for mutual fund transactions like lump-sum investments, redemption, or SIPs if he has one.When you invest in a mutual fund, the money is automatically deducted from your bank account and sent to the AMC.When you redeem, the funds are deposited straight to your bank account, not your wallet.
You can continue to utilize your stockbroker’s wallet balance for all other stock, SGB, ETF, and other investment goods transactions.
When you redeem your mutual fund investments, you have the option of transferring the funds to your stockbroker account rather than your bank account.Staring FY 2022-23, you will be able to only redeem your investments into your bank account.

If you choose to re-invest, the money will be deducted straight from your bank account, not from your stockbroker wallet balance