Which of the following Indian stock exchange is introducing Paperless SIP (systematic investment plans) that would allow mutual fund investors to make transactions through various modes of payments.

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following Indian stock exchange is introducing ’Paperless SIP’ (systematic investment plans) that would allow mutual fund investors to make transactions through various modes of payments.

A	NSE
B	KSE
C	CSE
D	BSE

Explanation:

Detailed explanation-1: -Bombay Stock Exchange (BSE) has introduced digital (paperless) Systematic Investment Plan (SIP) for mutual fund investors.

Detailed explanation-2: -Notes: Mutual funds in India are permitted to invest in Securities, Gold and Real Estate. A mutual fund is prohibited from investing in any unlisted security or a security issued through private placement by an associate or a group company of the sponsor.

Detailed explanation-3: -SIP facility allows an investor to invest a fixed amount of money at pre-defined intervals in the selected mutual fund scheme. The fixed amount of money can be as low as Rs. 500, while the pre-defined SIP intervals can be on a weekly/monthly/quarterly/semi-annually or annual basis.

Detailed explanation-4: -The units of close-ended schemes are mandatorily listed to provide exit route before maturity and can be sold/traded on the stock exchanges. Interval schemes allow purchase and redemption during specified transaction periods (intervals).

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