The Bombay Stock Exchange would allow brokers to place orders through mobile phones in its mutual funds transaction platform in the next 15 days.
The Bombay Stock Exchange would allow brokers to place orders through mobile phones in its mutual funds transaction platform in the next 15 days.
The exchange hopes the facility would enhance the accessibility of traders to the BSE StAR MF, BSE Deputy Chief Executive Officer Ashish Chauhan said.
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"Using this facility, brokers can place orders from anywhere through their mobile phones. This would be launched in the next 10-15 days. "Moving ahead, we would also like to extend this facility to the investors," Chauhan told reporters here.
BSE had launched the MF platform early this month, less than a week after NSE made its own platform operational. The exchange is also planning to extend the equity back office software, SPARK, developed by Marketplace Technologies, to the brokers transacting in the StAR MF platform, he said.
UTI mutual fund today joined BSE's MF platform and will offer 30 schemes, which include 92 International Securities Identification Numbers (ISINs).
With this, 10 fund houses are currently offering over 150 schemes in the BSE StAR MF platform. Ten more companies have agreed to join in-principle in the near future, a BSE official said.
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