BSE Mutual Fund (StAR MF)
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BSE StAR MF - BSE's MUTUAL FUNDS PLATFORM

Application forms for BSE StAR MF:

A WEB-BASED ORDER ROUTING SYSTEM for Allotment & Redemption of Mutual Fund units with Facilities like Branch & Dealer Admin Creation and Assigning Client-level Transaction Limits.

BSE launched its StAR MF platform on December 4, 2009 in the presence of Mr. C B Bhave, Chairman-SEBI and Mr. A. P. Kurien, Chairman - AMFI, with a galaxy of CEOs of several leading MF houses. The platform is available for entering transactions between 9 a.m. to 3 p.m. on all working days of the Exchange. All BSE members in the Cash segment are allowed to transact in the BSE StAR MF, subject to their fulfillment of specified documents for activation as a Mutual Fund Intermediary (MFI). The activation process towards becoming a MFI is simple and free of cost.

Advantages to investors / other stakeholders of using BSE StAR MF:

Reduction of paper work: with respect to application forms, cheques, collection statements, etc. especially in Demat accounts.
Faster Execution: Allotment by way of Demat credit and hence Investors can get Demat units on the next working day.
Convenience:Existing investors can invest through same broker and same point as secondary market. Also they can view all (Equity, Debt, MF) investments in one Demat A/c.




Reduction of paper work: with respect to application forms, cheques, collection statements, etc. especially in Demat accounts.
Faster Execution: Allotment by way of Demat credit and hence Investors can get Demat units on the next working day.
Convenience:Existing investors can invest through same broker and same point as secondary market. Also they can view all (Equity, Debt, MF) investments in one Demat A/c.


Salient Features Eligibility Criteria
  • Browser-based front end
  • Architecture provides scalable operation and flexible deployment options
  • Link-ups with both depositories CDSL and NSDL.
  • Facility for one-time registration of client, Report generation facility.
  • Branch, Dealer admin creation & client level limit allocation.
  • Detailed information on various schemes.
  • ARN (AMFI Registration No): In the Name of the Firm (Same name in which the member is registered in the cash segment in BSE).
  • AMFI certificate:1
  • Board resolution
  • Letter of Application on member’s letter head
  • Undertaking by member to Exchange (on Rs.200 Stamp paper - Notary not required).
  • Separate Bank Settlement A/c for MF segment


BSE StAR MF (BSE Limited Platform for Allotment & Redemption of Mutual Fund Units): Process Flow



Process Flow: (Timelines)

Activity Timings
T Day
Order capture for subscription and redemption on the BSE STAR MF 9.00 a.m. - 3.00 pm
Subscription and Redemption Order status report and Final funds obligation Report 6.30 pm
T+1 day  
Pay-in of funds 9.30 am
‘Payment received' and ‘Payment not received' indication by MFIs to ICCL 10.30 am
Allotment and Redemption information from RTA (Units) 2.00 pm
Credit in the depository account of the investor End of day process at Depository(6.00 pm)
Redemption proceeds credit in investor bank account/cheque dispatch By T+3


AMFI Certification now available through BSE’s Training Institute: click
http://www.bseindia.com/training/AMFI_adv.asp

Application forms for BSE StAR MF: