The BSE has launched a low-risk, overnight liquid fund product on the BSE StAR MF, the exchange’s mutual fund platform.
According to a BSE press release, exchange members should take the consent of clients and open a liquid fund account and transact through the BSE StAR MF platform. For the non-demat mode, the BSE is also introducing an order entry functionality, which will allow MFs to place purchase and redemption orders simultaneously in liquid schemes.
The bulk order upload facility is made available to mutual fund institutions with effect from Monday for the overnight (liquid fund) product.
The platform allows even the smallest investor, a corporate or a trust to invest for one night in liquid funds anywhere in India.
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