You are here: Home » PTI Stories » National » News
Business Standard

MFIs, advisors can use MF platform without paying fee: BSE

Press Trust of India  |  New Delhi 

Leading stock exchange today clarified that charges will not be levied on mutual fund Intermediaries (MFIs), mutual fund distributors (MFDs) and Registered Investment Advisors (RIAs) for transacting on its MF platform.

The charges, which came into effect from yesterday, will only be levied on Asset Management Companies (AMCs), it said.



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.

"charges shall be applicable to participating AMCs or on Star MF Platform. There are no charges for MFIs, MFDs and RIAs to transact on Star MF Platform," the exchange said in a circular.

The exchange, on Wednesday, announced that it will levy charges, varying from Rs 6 to Rs 30, on all orders routed through its mutual fund platform from December in order to cover the costs of operations.

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 India with more than 4 lakh SIPs (Systematic Investment Plans) per month. On many occasions, the platform has exceeded 1 lakh (rpt) 1 lakh orders per day.

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

RECOMMENDED FOR YOU

MFIs, advisors can use MF platform without paying fee: BSE

Leading stock exchange BSE today clarified that transaction charges will not be levied on mutual fund Intermediaries (MFIs), mutual fund distributors (MFDs) and Registered Investment Advisors (RIAs) for transacting on its MF platform. The charges, which came into effect from yesterday, will only be levied on Asset Management Companies (AMCs), it said. BSE runs the mutual fund trading platform -- BSE Star MF. The platform provides a range of services for easy transactions and seamless order flow for asset management companies. "Transaction charges shall be applicable to participating AMCs or on BSE Star MF Platform. There are no charges for MFIs, MFDs and RIAs to transact on BSE Star MF Platform," the exchange said in a circular. The exchange, on Wednesday, announced that it will levy transaction charges, varying from Rs 6 to Rs 30, on all orders routed through its mutual fund platform from December in order to cover the costs of operations. Mutual fund distributors can use the ... Leading stock exchange today clarified that charges will not be levied on mutual fund Intermediaries (MFIs), mutual fund distributors (MFDs) and Registered Investment Advisors (RIAs) for transacting on its MF platform.

The charges, which came into effect from yesterday, will only be levied on Asset Management Companies (AMCs), it said.

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.

"charges shall be applicable to participating AMCs or on Star MF Platform. There are no charges for MFIs, MFDs and RIAs to transact on Star MF Platform," the exchange said in a circular.

The exchange, on Wednesday, announced that it will levy charges, varying from Rs 6 to Rs 30, on all orders routed through its mutual fund platform from December in order to cover the costs of operations.

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 India with more than 4 lakh SIPs (Systematic Investment Plans) per month. On many occasions, the platform has exceeded 1 lakh (rpt) 1 lakh orders per day.

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

image
Business Standard
177 22

MFIs, advisors can use MF platform without paying fee: BSE

Leading stock exchange today clarified that charges will not be levied on mutual fund Intermediaries (MFIs), mutual fund distributors (MFDs) and Registered Investment Advisors (RIAs) for transacting on its MF platform.

The charges, which came into effect from yesterday, will only be levied on Asset Management Companies (AMCs), it said.

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.

"charges shall be applicable to participating AMCs or on Star MF Platform. There are no charges for MFIs, MFDs and RIAs to transact on Star MF Platform," the exchange said in a circular.

The exchange, on Wednesday, announced that it will levy charges, varying from Rs 6 to Rs 30, on all orders routed through its mutual fund platform from December in order to cover the costs of operations.

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 India with more than 4 lakh SIPs (Systematic Investment Plans) per month. On many occasions, the platform has exceeded 1 lakh (rpt) 1 lakh orders per day.

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard