Media Release

BSE introduces overnight investment product

Now your money grows, while you sleep

Mumbai, May 18, 2015: In keeping with BSE’s tradition of excellence and continuous enhancement, BSE is proud to announce the introduction of Overnight (Liquid Fund) product on the Exchange’s Mutual Fund platform, BSE StAR MF - India's largest MF platform. It allows even the smallest investor or a corporate or a trust to invest even for one night in liquid funds anywhere in India.

It will be an alternative investment avenue for idle monies by investing in MF Liquid Schemes for better returns and relatively lower risk. Members should take consent from clients and open an Liquid fund account and transact through BSE StAR MF platform, and instead of keeping idle monies .This will result in returns to Investors as well as additional service for member brokers.

Further to the launch of non-demat transactions on BSE Mutual Fund Platform, the Exchange is now introducing an order entry functionality which shall allow MFI/MFD to place purchase and redemption orders simultaneously in liquid schemes. This facility would be available only for non-demat mode. The bulk order upload facility is made available to MFIs/MFDs with effect from Monday May 18, 2015 for Overnight (Liquid Fund) product.

This will facilitate MFI/MFD:

ü  To route idle monies as overnight investments,

ü  As an alternative investment avenue for idle monies with Investors by investing in MF Liquid Schemes for better returns and relatively lowers risk.

Attach is the PPT on the all aspects of Overnight Investment Product

About BSE Ltd

BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd. BSE is Asia’s first & now the  fastest  Stock Exchange in India with the response time of 200 microseconds and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. 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, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.

For More Information

Yatin Padia

022 2272 8731

Yatin.padia@bseindia.com