Now Reading: BSE StAR MF platform adds Bandhan Mutual Fund weekly IDCW option
-
01
BSE StAR MF platform adds Bandhan Mutual Fund weekly IDCW option
BSE StAR MF platform adds Bandhan Mutual Fund weekly IDCW option
BSE has added the weekly Income Distribution Cum Capital Withdrawal (IDCW) option for select schemes of Bandhan Mutual Fund on its StAR MF platform. The facility will be available with effect from October 25, 2024.
The IDCW option allows investors to receive periodic payouts from their mutual fund holdings. Bandhan Mutual Fund is among several asset management companies offering such options through the exchange's distribution network.
Indian Opinion Analysis
The weekly IDCW option caters to investors seeking regular cash flows, such as retirees or those with short-term income needs. BSE's StAR MF platform processes lakhs of transactions daily, and adding more fund houses increases its appeal against rival platforms. The next practical step is monitoring subscription volumes to assess adoption.
Source: bseindia.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
