26 AMCs agree to pay fee for BSE StAR MF platform
Leading stock exchange BSE said that 26 asset management companies (AMCs) have agreed to pay fee to the bourse for the services being provided through its mutual fund platform. The exchange expects that the remaining 11 AMCs will also follow the path soon. The move will give BSE additional resources to provide even better services to these fund houses and all investors in mutual funds, bringing further automation and certainty to the mutual funds (MFs) investment process in the country. "BSE is pleased to announce that 26 AMCs out of total 37 AMCs accounting for more than 74 per cent of total assets under management in Indian mutual fund industry have agreed to pay a nominal service charge per transaction on bilateral basis to BSE for its services being provided through BSE StAR ...