NSE to begin overnight investment facility from today
PrintListen to this Article
0:00
0:00
Country'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 : 727
NSE will introduce four indices from April 8 in both the cash and derivatives segments. These include Nifty Tata Group 25 per cent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Mu...
Investment firm BlackRock Inc's equity holding has surpassed the five per cent level in renewable energy solution provider Suzlon Energy with the acquisition of about 24.73 lakh shares. &...
Also Read -
NSE plans to extend F&O trading hours
The National Stock Exchange (NSE) is looking to increase trading hours in the equity derivatives segment in a phased manner, a move that will potentially curtail the overnight risk arising from global...
Comments