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Stock Exchanges Making Mutual Fund Trading More Easy PRLog - Global Press Release Distribution Stock Exchanges making Mutual Fund trading more easy. New provisions for mutual fund transactions has been made after National stock of exchange (NSE) launched its Mutual fund service system on 30th November 2009 and Bombay stock exchange (BSE) introduced its Star Mutual Fund Venture on 4th December. Dec. 17, 2009 - PRLog -- Stock exchanges take charge of Mutual Fund Trading: Mutual fund trading in India has now become easy through stock exchanges. This is just same in process as seen in doing mutual fund transactions in terms of shares. These new provisions for mutual fund transactions has been made after National stock of exchange (NSE) launched its Mutual fund service system on 30th November 2009 and Bombay stock exchange (BSE) introduced its Star Mutual Fund Venture on 4th December 2009 adding more facility to mutual fund investors. This new arrangement has been made because stock exchanges have trading terminals across whole of India in all major cities and towns so here mutual fund clients can easily get access to the trading portfolios of Mutual Funds. Both platforms of stock exchange and Mutual Funds have entered into joint venture to extend their joint services in a more refined way for benefit and facility of customers. How will mutual funds operate at a Stock Exchange Terminal : Now to get benefits of Mutual Fund trading instead of locating a mutual fund distributer an investor may contact a member of a stock exchange terminal who has registered himself as a mutual fund advisor at Association of Mutual Funds of India (AMFI). At stock exchanges mutual fund investors can buy mutual fund units as well as for their redemption. Money payments can be made either in cash or other modes of delivery. Mutual fund investors who are looking forward to carry mutual fund transactions at stock exchange terminals will need a demat account. Mutual fund platform will be available at stock exchange offices daily between 9 am to 3 pm and investors doing biddings will be able to take advantage of same day’s net asset value (NAV). Advantages of Mutual Fund trading at Stock Exchange Terminals: Mutual Fund trading at Stock Exchange Terminals would ensure faster transactions and will allow investors to get a clear and complete picture of their investments made in stocks and mutual funds at a time. However one should remember that customers have to pay tax liability when deal with mutual funds from stock exchange platforms take for example while investing on liquid mutual funds investor has to pay tax on capital gains. This new arrangement on Mutual fund trading & transactions will likely benefit stock exchange brokers to enhance their network by joint trading of Mutual funds and Stocks. We at Bharat Parekh Financial & Insurance Services Pvt Ltd show the right way to our clients for investment in Mutual Fund portfolios so that you reap best results with your invested money. Just visit us at http://www.bharatparekh.com or get contact with us at [email protected] For an immediate business call get in touch with us at 09225244700 # # # Bharat Parekh Financial & Insurance Services Pvt Ltd are leading pioneers in the field financial investments serving their clients and make them achieve their aim of financial prosperity. --- End --- Source Page 1/2 PRLog - Global Press Release Distribution Mr. Bharat Parekh City/Town Nagpur State/Province Maharashtra Zip 440001 Country India Industry Insurance, Financial Tags Mutual Fund Trading, Mutual Funds, Stock Exchanges, Mutual Funds India, Mutual Fund Transactions, Bombay Stock Exchange Link https://prlog.org/10455671 Scan this QR Code with your SmartPhone to- * Read this news online * Contact author * Bookmark or share online Page 2/2.
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