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NSE to offer fund transaction from Nov 30

Wed Nov 25, 2009 1:59pm IST
 
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MUMBAI (Reuters) - India's National Stock Exchange (NSE) will allow brokers to buy and sell mutual funds through its terminals from Nov. 30, the exchange said.

The Securities and Exchange Board of India had earlier in the month permitted stock exchanges to offer their infrastructure for fund transactions, giving money managers access to more than 200,00 terminals in over 1,500 towns.

(Reporting by Nishant Kumar; Editing by Harish Nambiar)

(For more news on Reuters Money visit www.reutersmoney.in)

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