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NSE to conduct mock trading session for NMF II platform

Press Trust of India  |  New Delhi 

National Stock Exchange (NSE) today said it will conduct five mock trading sessions for migration from existing web-based MFSS system to a platform.

The mock session starts on July 16 ending on July 20 and the timing would be from 10:30 to 16:00 hrs, NSE said in a circular.

"....Web Based MFSS platform shall migrate to (NMF-II) platform and thereafter Only NMF - II platform shall be available for transactions in MFSS," NSE said.

The go live date for migration from MFSS to NMF - II Platform shall be intimated separately, added NSE.

MFSS platform is for facilitating mutual fund transactions by its members while (NMF II) is a platform for facilitating transactions in mutual fund by distributors.

NMF II is an which facilitates subscription, redemption, Systematic Investment (SIP), Systematic Withdrawal (SWP), Systematic Transfer (STP), Switch and other transactions of mutual fund units.

This is in line with the announcement made by NSE when it had said that at present, MFSS and NMF II are different platforms. At a later stage, once all the key features of MFSS are made available in NMF II, the MFSS platform may get merged into the new NMF II.

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

First Published: Fri, July 13 2018. 21:40 IST
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