MF News BSE Star MF extends cut off time for MF transactions

BSE Star MF extends cut off time for MF transactions

For liquid schemes, the cut off time has been extended from 1 pm to 1.30 pm.

Team Cafemutual Jan 7, 2017

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.

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1 Comment

SUBHADIP BHATTACHARJE · 7 years ago `

ITS MY OPINION THAT SOMETIME AN INVESTOR CAN BOOK A HANDSOME PROFIT WHEN MARKET IS VOLATILE AS PER THE ADVISE OF AN IFA LIKE US, BUT THERE IS AN EXIT LOAD AS WELL AS CLAW BACK TO PROTECT THE WRONG SELLING. ITS MY APPEAL BEFORE SEBI THAT IF I CAN GIVE A GOOD PROFIT ON SHORT TERM WHAT IS THE HARM. ITS NOT MANDATORY THAT 12 MONTHS PERIOD IS ENOUGH TO ACCUMULATE A GOOD AMOUNT OF GROWTH IN CASE OF MUTUAL FUND INVESTOR, SO IT WILL BE MORE RATIONAL THAT IF ANY INVESTOR BOOK PROFIT WITHIN THE PERIOD OF 12 MOTHS THERE SHOULD NOT BE ANY CLAW BACK AS WELL AS IF BOOK ANY LOSS THERE MUST BE CLAW BACK AS PENALTY.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

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