Mirae Asset Global Investments (India), today said that it has tied-up with the Bombay Stock Exchange (BSE) to provide its investors the facility to transact in Mirae Asset Mutual Fund units through the new mutual funds platform of the Exchange.
The Asset Management Company (AMC) will allow purchase/redemption of units of its equity/fund of funds schemes through the BSE STAR mutual fund platform, a press release issued here said.
The BSE STAR MF is an electronic platform introduced by the BSE for transacting in units of mutual funds.
The schemes available for transacting on the BSE STAR MF platform are Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund and Mirae Asset China Advantage Fund, the release said.
Trading members of the BSE, who are AMFI-certified stock exchange brokers and also empanelled with the AMC can help investors to subscribe and redeem the mutual fund units using their existing network and order collection mechanism provided by the BSE.
Currently, the window for purchase/redemption of units on the Exchange will be available between 9 am to 3 pm.
"Mirae Asset's arrangement with the BSE will facilitate quicker settlement of transactions and provide a single-window to investors," the company's CEO, Arindam Ghosh, said.