IT may be lagging its arch rival where equity and equity derivative volumes are concerned. But there is some comfort for Bombay Stock Exchange as far as the mutual fund platform is concerned. BSE's mutual fund platform 'Star MF' is having an upper hand over National Stock Exchange's 'NEAT-MFSS' for the time being. If sources are to be believed, BSE has transacted fund units worth Rs 21 crore since December 4, when this facility was opened on the exchange, more than twice than that transacted on the NSE. Though both the exchanges have 10 fund houses listed with them, BSE has more schemes (over 130 schemes) that are eligible to be transacted through the exchange, say brokers. Moreover, BSE has gathered support from several financial advisors, who have been requested to advise their clients to trade through BSE. According to industry sources, the exchange has received confirmed participation from 15 other fund houses who are expected list their funds on the exchange over the next few days.
Best SIP Funds Online In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer. However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
