To bring in more participants on its mutual fund trading platform, top bourse BSE eased the registration norms by doing away with minimum paid-up capital and networth requirements for the applicants.
The changes would be applicable for BSE StAR Mutual Fund Platform -- an electronic segment that allows individuals, HUF and corporate body to trade in mutual funds.
In a circular, BSE said it has discontinued several pre-conditions like minimum paid-up capital requirement for corporate applicants, self-certified networth, individuals having a minimum tangible assets of Rs 1 lakh for the registration of mutual fund distributors.
To bring in more participants on its mutual fund trading platform, top bourse BSE eased the registration norms by doing away with minimum paid-up capital and networth requirements for the applicants. The changes would be applicable for BSE StAR Mutual Fund Platform -- an electronic segment that allows individuals, HUF and corporate body to trade in mutual funds. In a circular, BSE said it has discontinued several pre-conditions like minimum paid-up capital requirement for corporate applicants, self-certified networth, individuals having a minimum tangible assets of Rs 1 lakh for the registration of mutual fund distributors.
Read more at: http://www.moneycontrol.com/news/market-news/bse-eases-norms-for-tradingits-mutual-fund-platform_6658601.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/market-news/bse-eases-norms-for-tradingits-mutual-fund-platform_6658601.html?utm_source=ref_article
