Media Release
BSE StAR MF announces Digital Non Demat / Physical mode of Mutual Fund transactions while keeping in with all the benefits of Physical mode
Mumbai, Tuesday, March 16, 2016: In keeping with BSE’s tradition of excellence and continuous enhancement, BSE is proud to announce the introduction of host of new services on the Exchange’s Mu?tual Fund platform, BSE StAR MF - India's largest Mutual Fund platform.
Key highlights of the New Services designed to facilitate Investors and Mutual Fund Distributors:
ü Completely digital Non Demat / Physical mode of Mutual Fund transactions while keeping in with all the benefits of Physical mode ?
ü 24x7 order acceptance
ü Flexible and Multi-Mode of payment collection enabled
ü 6 day order holding facility
ü 2 minutes ?SIP creations with flexibility of first order today
ü Multi-mode of platform accessibility
BSE StAR Mutual Fund has become the largest Mutual Fund distributor platform in India with more than 4, 00,000 SIP’s per month. On many days BSE StAR Mutual Fund has exceeded 70,000 orders per day. As per estimate BSE StAR Mutual Fund accounts for more than 8% of traction taking place in Indian Mutual Fund Houses.
BSE StAR MF has already processed over 31 lac orders, amounting to over Rs. 41,000 crs in the current financial year (i.e. 1st April '15 till 16th March ’16).
For Media Query
Contact:
Yatin Padia / Deepika Shetty
022 22728516/ 9022324305
Yatin.padia@bseindia.com / Deepika.shetty@adfactorspr.com