The Securities and Exchange Board of India (SEBI) has reiterated its push for investor safety by promoting the use of the Centralised Fee Collection Mechanism (CeFCoM).
CeFCoM is a secure and transparent payment ecosystem developed to ensure that investors pay fees only to registered investment advisors and research analysts.
CeFCoM is thus a payment mechanism that differentiates registered Investment Advisers (IAs) and Research Analysts (RAs) from unregistered entities. CeFCoM has been operational from October 1, 2024 and is managed by BSE Ltd in association with MF Utilities India.
In CeFCoM, investors can make payment of fees through multiple payment modes such as Net Banking, Debit Card, UPI/UPI Autopay, IMPS/NEFT/RTGS, eNACH and even through cheque and credit cards. As of June 10, 2025, an amount of fees of more than Rs. 5 Crore has been paid by investors through CeFCoM.
