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.
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.
This will facilitate MFI/MFD;
· To route idle monies as overnight investments,
· As an alternative investment avenue for monies lying in the Savings/Current Bank A/c. by investing in MF Liquid Schemes for better returns and relatively lower risk.
The Exchange shall launch this product on Akshaya Tritiya i.e. April 21, 2015, on a pilot basis with Reliance AMC. Subsequently, other AMCs whose schemes would be available for Overnight (Liquid Fund) product shall be intimated by way of a separate notice.
The operating instructions for Overnight (Liquid Fund) product are attached as Annexure I.
In case of any clarifications, please contact the following officials:
Ketan Jantre Zeeta Eustace
General Manager – Mutual funds Manager – Mutual Funds