News Details- (Get Professional Updates on Whatsapp, Msg on
8285393786) More
News
NSE to begin overnight investment facility from today
PrintCountry's top stock exchange National Stock Exchange, NSE, will introduce an overnight liquid transaction facility on its web-based Mutual Fund platform, from today. The facility will enable traders, especially small investors, to invest even for a single night in liquid funds. A similar product was introduced last month by Bombay Stock Exchange, BSE. The exchange has seen daily transactions worth 400-500 crore rupees in the product so far.
In a circular, the NSE said, exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes. Participants shall be allowed to enter overnight orders in liquid scheme between 9:00 am to 1:00 pm. The exchange will provide a separate window to place overnight orders on the web-based platform.
The exchange said, under the new facility, all liquid schemes allowed by respective asset management companies will be available for placing orders. Participants shall enter the subscription and redemption order simultaneously in overnight liquid order entry window. Mutual Fund Service System is an online order collection system provided by the NSE to its eligible members for placing subscription or redemption orders.
In a circular, the NSE said, exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes. Participants shall be allowed to enter overnight orders in liquid scheme between 9:00 am to 1:00 pm. The exchange will provide a separate window to place overnight orders on the web-based platform.
The exchange said, under the new facility, all liquid schemes allowed by respective asset management companies will be available for placing orders. Participants shall enter the subscription and redemption order simultaneously in overnight liquid order entry window. Mutual Fund Service System is an online order collection system provided by the NSE to its eligible members for placing subscription or redemption orders.
Category : Shares & Stock | Comments : 0 | Hits : 691
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
Search News
News By Categories More Categories
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Comments