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BSE launches mobile app for its mutual fund platform
Thursday, May 16, 2019, 2:52 PM
Leading stock exchange BSE said it has launched 'BSE StAR MF' app to enable more participation and help mutual fund distributors process transactions faster. "BSE StAR MF mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips," the exchange said.
Bharat-22 ETF additional sale on Feb 14, govt to raise Rs 3,500 cr
Tuesday, February 12, 2019, 1:14 PM
The government will launch an additional offering of Bharat-22 ETF on February 14 to raise at least Rs.3,500-crore, officials said. The ETF sale would be for a single day, in which both institutional and retail investors can participate, they said. Since this is an additional on-tap offering of Bharat-22 ETF, the issue would open for a single day for both institutional and retail buyers.
Sebi looks to tighten rules for liquid funds
Wednesday, January 16, 2019, 5:54 PM
Securities and Exchange Board of India may soon tighten norms for liquid funds, the most popular mutual fund product among institutional investors with average assets under management of over Rs 6 lakh crore. Some of the proposals that the capital market regulator is considering for liquid schemes are mandatory minimum investments in short-term government bonds and stricter valuation norms, said the source.
