BSE to charge transaction fee on MF platform orders from today

The platform provides a range of services for easy transactions and seamless order flow for Asset Management companies (AMCs).
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Dec 01, 2016, 01.27 PM | Source: PTI

BSE to charge transaction fee on MF platform orders from today

The platform provides a range of services for easy transactions and seamless order flow for Asset Management companies (AMCs).

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BSE to charge transaction fee on MF platform orders from today

The platform provides a range of services for easy transactions and seamless order flow for Asset Management companies (AMCs).

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

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 (AMCs).

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

BSE 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 70,000 orders per day.

As per the exchange's estimate, BSE Star MF accounts for more than 8 per cent of traction taking place in Indian mutual fund houses. PTI SP Indian mutual fund houses.

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BSE to charge transaction fee on MF platform orders from today

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