Investment fund shares
Investment fund shares are issued by the investment funds. BSE provides a trading platform for the secondary trading of the publicly issued investment funds in the equities section. According to the BSE rules both open-ended and closed-ended investment funds could be introduced on the Stock Exchange.
According to the Capital Market Act the exchange listing of the closed-ended investment funds is mandatory. The introduction of open-ended investment funds on the Stock Exchange provides an alternative platform for over-the-counter network trading.