Media Release

BSE StAR MF crosses turnover of Rs. 282 crore

Mumbai, June 26, 2014: BSE StAR MF distribution platform is now the largest distribution framework for Indian Mutual Fund, and today attains a remarkable trading volume of Rs 282 crore on a single day.

Commenting on the development, Shri Ashishkumar Chauhan, MD & CEO, BSE said, “We are delighted to have reached this milestone. We believe BSE StAR MF has the potential to completely change the distribution framework of Indian MF industry by reducing the cost and increasing the predictability of processes. Due to the same, almost the entire MF industry has supported the BSE StAR MF platform”.

BSE StAR MF is a web-based transaction processing, fully automated online MF collection and settlement system. It is highly flexible electronic order platform which is easy and simple to use. This platform is very popular among brokers which account for more than 80% market share. Only AMFI registered ARN holders can transact on BSE StAR MF platform. The investor gets full service from single broker and he/she can view all his/her investments in one single location electronically with same demat account as that for equity shares.

ABOUT BSE Ltd:

BSE (formerly Bombay Stock Exchange Ltd.) – 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, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE 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. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.

For More Information 
Yatin Padia – 022 2272 8516 / Ketan Mehta – 022 2272 8321
Marketing Communications
yatin.padia@bseindia.com/ketan.mehta@bseindia.com