In your interest.
Online Personal Finance Magazine
No beating about the bush.
Mirae Asset will allow purchase or redemption of units of its equity or fund of funds schemes through the BSE StAR mutual fund platform
Mirae Asset Global Investments (India) on Wednesday said that it has tied up with the Bombay Stock Exchange (BSE) to provide its investors the facility to transact in Mirae Asset Mutual Fund (MF) units through the new mutual fund platform of the Exchange.
"Mirae Asset's arrangement with the BSE will facilitate quicker settlement of transactions and provide a single window to investors," the company's chief executive, Arindam Ghosh, said.
The asset management company (AMC) will allow purchase/redemption of units of its equity/fund of funds schemes through the BSE StAR mutual fund platform, it said in a press release.
The BSE StAR MF is an electronic platform introduced by the BSE for transacting in units of mutual funds.
The schemes available for transacting on the BSE StAR MF platform are Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund and Mirae Asset China Advantage Fund, the release said.
Trading members of the BSE, who are AMFI-certified stock exchange brokers and also empanelled with the AMC can help investors to subscribe and redeem the mutual fund units using their existing network and order collection mechanism provided by the BSE.
Currently, the window for purchase/redemption of units on the Exchange will be available between 9am to 3pm.