<p>The country’s top stock exchange NSE will introduce an overnight liquid transaction facility on its web-based Mutual Fund platform, from Monday.<br /><br /></p>.<p>The facility will enable traders, especially small investors, to invest even for a single night in liquid funds.<br /><br />A similar product was introduced last month by BSE. The exchange has seen daily transactions worth Rs 400-500 crore in the product so far.<br /><br />“Exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes,” the National Stock Exchange (NSE) said in a circular.<br /><br />“This facility will only be available on Mutual Fund Service System (MFSS) web-based platform and in physical mode only,” it added. Participants shall be allowed to enter overnight orders in liquid scheme between 9.00 am to 1.00 pm, the bourse said.<br /><br />The exchange would provide a separate window to place overnight orders on the web-based platform.<br /><br />Under the new facility, all liquid schemes allowed by respective asset management companies (AMC) would be available for placing orders, the exchange said.<br /><br />“Participants shall enter the subscription and redemption order simultaneously in overnight liquid order entry window,” NSE added.<br /><br />Mutual Fund Service System (MFSS) is an online order collection system provided by NSE to its eligible members for placing subscription or redemption orders. <br /><br /></p>
<p>The country’s top stock exchange NSE will introduce an overnight liquid transaction facility on its web-based Mutual Fund platform, from Monday.<br /><br /></p>.<p>The facility will enable traders, especially small investors, to invest even for a single night in liquid funds.<br /><br />A similar product was introduced last month by BSE. The exchange has seen daily transactions worth Rs 400-500 crore in the product so far.<br /><br />“Exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes,” the National Stock Exchange (NSE) said in a circular.<br /><br />“This facility will only be available on Mutual Fund Service System (MFSS) web-based platform and in physical mode only,” it added. Participants shall be allowed to enter overnight orders in liquid scheme between 9.00 am to 1.00 pm, the bourse said.<br /><br />The exchange would provide a separate window to place overnight orders on the web-based platform.<br /><br />Under the new facility, all liquid schemes allowed by respective asset management companies (AMC) would be available for placing orders, the exchange said.<br /><br />“Participants shall enter the subscription and redemption order simultaneously in overnight liquid order entry window,” NSE added.<br /><br />Mutual Fund Service System (MFSS) is an online order collection system provided by NSE to its eligible members for placing subscription or redemption orders. <br /><br /></p>