BSE has extended the cut off time for accepting transactions by 30 minutes in liquid, debt and equity schemes from January 5.
For liquid schemes, the cut off time has been extended from 1 pm to 1.30 pm. Similarly, the new cut off time for debt and equity schemes is 2.30 pm for transactions of Rs. 2 lakh and above. For transactions of below 2 lakh per application, the cut off time is 3 pm.
BSE has introduced a number of features in the recent past to make the platform seamless. For instance, the exchange has recently allowed mutual fund distributors to enroll themselves online.
Currently over 2750 schemes of 39 AMCs are available on BSE StAR MF platform. BSE StAR MF has around 2,400 registered distributors.
BSE StAR MF is a browser based automated online order collection system which can be accessed through web from anywhere. Distributors can initiate a number of transactions like invest, redeem and start a SIP through this platform on behalf of their clients. It can be accessed via PDAs, tabs, laptops or personal computer.