National Stock Exchange (NSE) on Monday launched the Overnight Liquid Transaction in Web based Platform on MFSS.

Exchange is now introducing an order entry functionality which shall allow the participants to place purchase and redemption orders simultaneously in liquid schemes, the NSE said in the statement.

This facility will only be available on MFSS Web based platform and in Physical mode only, added further.

Mutual Funds service system is an online order collection system provided by NSE to its eligible members for placing subscription or redemption orders of the MFSS based on orders received to investors.

Any individuals, HUF and Body Corporate can participate in MFSS subject to completing the KYC procedure. In case of a minor the guardian would have to be KYC compliant.

This platform allows the investor to buy and sell mutual fund units through, SEBI registered NSE members.

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