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BSE to charge transaction fee on MF platform orders from today

Press Trust of India  |  New Delhi 

Asia's oldest bourse has said that charges, varying from Rs 6 to Rs 30, will be levied on all orders routed through its mutual fund platform from today.

runs the mutual fund trading platform -- Star MF. The platform provides a range of services for easy transactions and seamless order flow for Asset Management companies (AMCs).

"In order to cover the costs of operations, all participating Mutual Funds/ AMCs are hereby informed that with effect from December 1, 2016, charges shall be levied on all orders being routed through the Star MF platform," said in statement.

Mutual fund distributors can use the stock exchange platform for non-demat transactions as well for sale or redemption of MF products.

Star MF is the largest MF distributor platform in with more than 4 lakh SIPs (Systematic Investment Plans) per month.

On many occasions, the platform has exceeded 70,000 orders per day.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 13:22 IST