BSE adds Rel MF's liquid schemes to its MF trading platform

Mumbai, Jan 8 : The Bombay Stock Exchange, the Asia's oldest bourse, today said it has added the liquid schemes of Reliance Mutual Fund to the slew of schemes offered through the exchange's mutual fund trading platform that was launched last month.

BSE's StAR MF has added liquid schemes of Reliance MutualFund to its slew of schemes offered through its mutual fundtrading platform, the exchange said in a statement.

"This introduction would provide an additional option tothe retail investors, institutions and other mutual fundparticipants to park their overnight surplus funds and earnhigher interest," it said.

Liquid schemes run by AMCs (asset management companies) usually invest in money market and other permissible debtinstruments.

For all transactions in liquid schemes through the StARMF platform, the subscription units will be computed on thebasis of the NAV of the previous day to the one on which thefunds are received by the AMC from the exchange.

"I am confident that this additional avenue made availablethrough the exchange platform would find favour with severalinvestors, broking community and corporates," BSE's MD & CEOMadhu Kannan said.

"Gradually more and more enhancements to the BSE StAR MFplatform would be made for the convenience of the investors,the industry and the market at large," he added.

BSE's StAR MF was launched on December 4 lasy year with 7AMCs and over 300 scheme options.