Sebi's proposed changes are aimed at improving ease of doing business and bringing parity between mutual fund units held in statement of account form and those held in dematerialized form ....
Therefore, SEBI proposed to "extend the facility of standing instruction for SWP/STP may for the MF units held by investors in demat form, thereby facilitating EoDB to the various stakeholders of the MF industry".
Consultation paper on extending facility of standing instructions for Systemic Withdrawal Plan (SWP)/Systemic Transfer Plan (STP) for Mutual Fund units held in demat form ... Standardization and identification of fields for SWP/STP transaction.