The Hindu Business Line : JRG Securities unveils Web MF engine

Kochi, Sept. 4 JRG Securities has launched Mutual Funds Online, a Web-based transactions engine for buying, redeeming and switching the units through its Internet trading platform.

Investors can select the scheme of their choice, enter the quantity required and transfer the required funds through the online payment gateway.

JRG has online payment gateway facility with four major Banks – Federal Bank, Axis Bank, HDFC Bank and ICICI Bank – and the company has tied up with 10 asset management companies funds for providing service to investors.

The asset management companies are Sundaram BNP Paribas, Tata Mutual Fund, Birla Sun life, HDFC, Kotak, Canara Robecco, Deutsche, Taurus, Principal and HSBC.

“Investors can do hassle-free transactions without filling forms or writing cheques. They can view their mutual fund holdings and their portfolio reports on a daily basis. They also have the provision to analyse the performance of all mutual funds schemes available in the market. This will help in the process of informed decision making,” said Mr Sanjeev Kumar G., Head of Operations & Technology, JRG Securities.

The Internet trading platform, www.itradeeasy.com, from JRG also provides facility to trade online in shares, derivatives, commodities, currency futures and apply for IPOs and mutual funds.

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