Subsequent to Mr. C. B. Bhave, Chairman of Securities and Exchange Board of India (SEBI), inaugurating National Stock Exchange of India’s Mutual Funds Service System (MFSS), Geojit BNP Paribas Financial Services launched trading in UTI Mutual Funds through its countrywide network of offices.
Speaking on the launch of this service, Mr. C. J. George, Managing Director, Geojit BNP Paribas said, “It is our constant endeavour to provide our clients with new value added services. We will leverage our well developed infrastructure and distribution channels to reach this service to our expanding client base of over 500,000. While we are starting with UTI MF now, most of the funds will soon be available for investment through this route.”
MFSS has been launched with trade permitted initially only in select schemes of UTI Mutual Fund. Clients of Geojit BNP Paribas can invest in or redeem mutual funds in such schemes through the fully automated on-line order collection system called NEAT-MFSS by contacting the nearest branch on all market days. Through this service, investing in mutual funds and redemption will become as simple as investing in the stock market.
“There will not be any comAmission charged from clients during the month of December 2009 to attract investors into this service model,” C.J. George added.
Speaking on the launch of this service, Mr. C. J. George, Managing Director, Geojit BNP Paribas said, “It is our constant endeavour to provide our clients with new value added services. We will leverage our well developed infrastructure and distribution channels to reach this service to our expanding client base of over 500,000. While we are starting with UTI MF now, most of the funds will soon be available for investment through this route.”
MFSS has been launched with trade permitted initially only in select schemes of UTI Mutual Fund. Clients of Geojit BNP Paribas can invest in or redeem mutual funds in such schemes through the fully automated on-line order collection system called NEAT-MFSS by contacting the nearest branch on all market days. Through this service, investing in mutual funds and redemption will become as simple as investing in the stock market.
“There will not be any comAmission charged from clients during the month of December 2009 to attract investors into this service model,” C.J. George added.
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