Mutual Funds on BSE & NSE

[ajfrod]

Hello
How can Mutual funds trade on the stock exchange if there units are fraction?
Please let me know

 

[praveen taneja]

Hello
How can Mutual funds trade on the stock exchange if there units are fraction?
Please let me know

bro u have to take them on round figure or like MF those will b in 3digit after decimal and last is rounded off:thumb:
But less chance is people will go for this as there detail for stock detail will also go to incometax department which most of trader will avoid

 

[vasa1]

I think the word "trade" is not really appropriate except for ETFs and close-ended MFs where you get "real-time" bid-ask quotes. To that extent they are no different from regular equity.

In the case of the conventional MFs, you will be allowed to buy or to sell and the number of units you buy or the money you receive will depend on the NAV that is calculated after market closing. The counterparty will be the fund house.

Just to clarify, I very much doubt one can do intraday trading in these .

 

[ajfrod]

I thought it could be traded intra day, I think everyone is not sure even the banks are not sure. I guess this is india