Top stock exchange BSE has decided to permit mutual fund distributors to subscribe to sovereign gold bonds issue for their respective clients, through the bourse’s mutual fund platform. The 5th tranche of sovereign gold bonds will open from Thursday up to September 9.
“Sovereign gold bond scheme (SGB) will be open for subscription on BSE StAR MF Platform from Thursday September 1, 2016, to Friday September 9, 2016 for mutual fund distributors (MFDs) to subscribe to the issue for their client,” BSE said in a circular on Wednesday. “The facility shall be available only on BSE StAR MF Web Portal and shall be available for transaction in demat mode,” it added.