Media Release
BSE in collaboration with Morningstar launches Website for Mutual Funds
**Morningstar Inc. is world’s leading independent investment research company**
**Initiative to empower investors at large by providing high quality research and world class analytical tools**
BSE Ltd. (formerly Bombay Stock Exchange Ltd.) in collaboration with Morningstar India, today launched a dedicated website to empower investors with relevant information and tools on evaluating mutual fund investment opportunities.
BSE StAR MF is the BSE's exchange traded mutual fund transaction platform and allows subscription and redemption in 29 Mutual funds in the industry. These partner mutual funds on BSE StAR MF together account for over 92% of the industry's Assets Under Management (AUM). In keeping with its leadership position in the exchange traded mutual fund space, a need was felt for a dedicated mutual fund website for investors that would not only provide insights to the common every day investor but would also provide state-of-the-art analytical tools used internationally, by distributors and advisors alike to facilitate them to provide investors with real, efficient and intelligent information.
Reiterating its commitment of continual improved services to investors, BSE has tied up with Morningstar, a leading independent investment research company with presence in 26 countries across the globe. Morningstar provides data on approximately over 330,000 investment offerings worldwide including stocks, mutual funds, etc. along with real-time global market data on more than 5 million equities, indexes, futures, options, commodities, precious metals, foreign exchange and treasury markets.
At the launch, BSE MD & CEO, Mr. Madhu Kannan, said, "We have been receiving good response to our Mutual Fund Platform - BSE StAR MF, which has a dominant market share in the exchange traded Mutual Fund space and hence felt the need to help various stakeholders that include our members, distributors and investors by giving them access to international quality research tools to improve the quality of their advisory decisions. We hope that this valuable facility empowered by Morningstar will be used extensively for more informed and smart investing."
Mr. Aditya Agarwal, MD of Morningstar India, said "We are delighted to be associated with BSE in this initiative of providing advisors and investors with high quality research and analytical tools on mutual funds. At Morningstar, we are always looking for ways to provide investors with information to help them make informed decisions, and the launch of this website is a step in this direction. The website would provide rich content to the users and would make available our proprietary data points, including our style box, star ratings and analyst ratings.”
The URL of the website is http://bseindia.morningstar.in
About BSE Limited
Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives and mutual funds. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. It operates one of the most respected capital market educational institutes in the country (the BSE Training Institute Ltd.).
Visit www.bseindia.com for more news
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 330,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has more than $167 billion in assets under advisement and management as of Sept. 30, 2011. The company has operations in 26 countries.
Samata Patil / Ketan P. Mehta
