News From Press BSE To Launch Online Payment Facility For Demat Transactions

BSE To Launch Online Payment Facility For Demat Transactions

Source: NDTV Profit Jun 9, 2016

To facilitate investors and mutual fund distributors, leading bourse BSE will introduce an online payment facility for demat mode of transactions on its mutual fund (MF) platform.

"The exchange is pleased to extend the facilities of online payment services for demat mode of transactions. Demat mode of transactions shall be processed only on realisation of funds for all types of orders," BSE said in a circular.

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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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