Media Release

BSE StAR Mutual Fund introduces multiple new features

Mumbai, Monday, June 07, 2016: Today, BSE’s mutual fund distribution platform BSE StAR MF introduced a host of new features to make transactions easier for its users.

??In addition to existing ICICI Bank Collection Service for NEFT/RTGS, users will now have HDFC bank collection services for NEFT/RTGS too.

The platform has also extended its online payment services for demat mode of transactions to Payment gateways - Direct mode, Payment gateways - Nodal Mode, One Time Mandate and Cheque collection services for mutual fund distributors apart from existing NEFT/RTGS collection service.  Earlier Online payment services were enabled for non-demat mode only.

Provision is also made to choose NEFT/RTGS mode and enter Unique Transaction Reference (UTR) in online payment services on BSE StAR MF Platform. Earlier payment gateways - Direct mode, Payment gateways - Nodal Mode and One Time Mandate modes were enabled in the Online Order Payment Confirmation services only.

Users will also be able to download Auto Filled Account Opening Form (AOF) in pdf format and upload image online whereby the system will automatically create relevant files for all 4 Registrar and Transfer agents.

BSE Star MF will soon enable its Multi- Bank Client registration and also enable investors to have 5 banks for making subscription payments.

BSE StAR MF had processed more than 81,000 orders worth Rs. 270 crore - a record high for a day. "BSE StAR MF" received mutual funds orders worth Rs. 1048 crores, a milestone unmatched by any similar online platform.

BSE StAR MF is the only MF platform in the Industry with multiple modes of funds and mutual fund unit settlement, both in demat as well as in non-demat mode. It is also the only platform with switch facility in demat as well as in non-demat mode.

         In FY 15-16 BSE StAR MF cross over 33 lakh order close to 4 lakh order per month  aggregating to Rs 44,235 Crs has been transitioned on BSE StAR MF Platform, Current Financial year FY-16-17 in 2 months BSE StAR MF  received orders over 12,370 Crs. BSE StAR MF have 90 % market share. Over 4 lakh  SIPs/XSIPs registered in FY15-16 and is  expected to reach more than a million in FY 16-17 and BSE StAR MF platform is widely accepted by NDs / Custodians / Brokers / IFA Platform / E-commerce platform / New age Digital Distributors / IFAs. ?

BSE, in the very recent past had also introduced a host of new features on ease of transactions pertaining to:

ü  Enabling all modes of payment collections including cheque collection facility.

ü  SMS / Email based order authentication

ü  Multiple modes of BSE StAR MF platform accessibility 

ü  A unique overnight investments framework designed to work even while the investor sleeps.

ü  2 minute SIP creation facility 

ü  Completely digital and REAL Time Investors registration onto BSE StAR MF platform.

BSE StAR MF was launched in December 2009 and is the largest mutual fund distributor platform in the country today. The platform, created with an objective of promoting retail investments in the equity markets, has ever since been endeavoring and evolving to give better user experiences.

For Media Query

Contact:

Yatin Padia / Deepika Shetty

022 22728516/ 9022324305

Yatin.padia@bseindia.com / Deepika.shetty@adfactorspr.com