Home


Media Release

Bombay Stock Exchange adds Liquid Schemes to its StAR MF platform
** To benefit the investors to earn higher return on surplus funds **

 

BSE’s StAR MF, launched on Dec. 4, 2009 with 7 AMCs and over 300 scheme options, has today, added Liquid Schemes of Reliance Mutual Fund to its slew of schemes offered through this  platform. This introduction would provide an additional option to the retail investors, institutions and other Mutual Fund participants, to park their overnight surplus funds and earn higher interest.

Liquid schemes run by AMCs usually invest in money market and other permissible debt instruments. For all transactions in Liquid schemes through the StAR MF platform, the subscription units will be computed on the basis of the NAV of the day prior to the one on which the funds are received by the AMC from the Exchange.


Madhu Kannan, MD & CEO, BSE said, "I am confident that this additional avenue made available through the exchange platform would find favor with several investors, broking community and corporates. Gradually more and more enhancements to the BSE StAR MF platform would be made for the convenience of the investors, the industry and the market at large."

 

About BSE: Bombay Stock Exchange is one of India’s leading exchange groups and has played a pre-eminent role in the development of the Indian capital market. BSE is a corporatised and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Börse and Singapore Exchange as strategic partners.


BSE provides an efficient and transparent market for trading in equity, debt instruments and derivatives. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and training. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, support the growth of the market in India, and stimulate innovation and competition across all market segments. The BSE Training Institute is at the forefront of educating market participants on currency and interest rate derivatives.

 

 

Kalyan S. Bose
Head – Corporate Affairs
Corporate.affairs@bseindia.com
www.bseindia.com

January 8, 2010