Media Release
BSE StAR MF records a new high with 1.10 Cr transactions in March 2021 and 9.38 Crores transaction in FY 20-21
•BSE StAR MF achieved 1.10 Cr transactions per month in Mar-21 worth Rs.31,464 Cr, net inflow of Rs 4,233 cr.
•During the financial year 2020-21, BSE StAR MF grows 63 % to reach 9.38 Cr transactions and Rs 22,444 Cr net inflow for mutual funds
•Highest ever SIPs of 5.45 lakh registered in a month in Mar 2021 and an average of 3.68 lakh SIPs getting processed every month.
Mumbai, 31st Mar, 2021: BSE StAR MF, India's largest and leading Mutual Funds Distributor platform has scaled new highs by recording 1crore monthly transactions, the highest ever on the platform.
The former highest monthly transactions was 92.98L in January 2021. BSE StAR MF has helped AMCs, members and their clients in smooth, automated, paperless transactions, witnessing a 19% increase in transactions as compared to the previous month.
In spite of a tumultuous fiscal, BSE StAR MF processed over 9.38 cr. transactions amounting to Rs. 3,33,095 cr in financial year 2020-21, which is 63% growth as compared to 5.75 cr in FY 2019-20. The platform achieved net inflows of Rs. 22,444 cr in FY20-21. Mobile apps added 15.59 lakh transactions with a value of Rs. 8,126 cr in FY20-21.
The platform also recorded highest number of new SIPS registrations 5.45 lakhs on a single month in March 2021 as compared to previous best of 4.97 lakhs in Feb ’21.
In the past quarter, Jan to March 2021, BSE StAR MF added 15.45 lakh new SIPs.
It is also worthwhile to note that BSE StAR MF,
•Achieved Rs. 4,233 cr in Mar ‘21 of net inflows out of total transactions value processed of Rs. 22,444 cr in FY20-21
•Number of unique client code UCC created in BSE StAR MF during FY 20-21 was 1.70 cr and 4.81 cr since inception.
Some of the Key Highlights are:
Turnover:
•Annual Turnover during FY 20-21 was Rs. 3,33,095 Cr.
•For March ‘21 was Rs. 31,464 Cr., compared to Rs. 28,307 Cr. on February ‘21, an increase of 11%
•For Q4 FY 20-21 was Rs. 91,604 Cr as compared to Rs. 80,427 Cr for Q4 FY 19-20, an excellent increase by 14%
Net Equity Inflow:
•For Mar ’21 it was Rs. 4,233 Cr compared to Rs. 2,402 Cr for Feb ’21, an increase by 76%
•For Mar ’21 it was Rs. 4,233 Cr compared to Rs. 2,666 Cr for Mar ’20, a growth of 59%
•During Q4 of FY 20-21 is Rs. 8,079 Cr compared to Rs. 6,260 Cr for Q4 FY 19-20 a increase of 29%
Transactions:
•Annual Transactions increased rapidly by 63% from 9.38 cr in FY 20-21 as compared to 5.75 Cr in FY 19-20.
•For March ‘21 was 1.10 cr an increase of 19% as compared to 91.98 lakhs for February ‘21.
•For March ‘21 was 1.10 cr has significantly increased by 56% as compared to 70.36 lakhs for March, 20.
SIP Book Size:
•Total StAR MF’s SIP book size is 78.99 lakh as on date.
•For Mar’21 the platform registered 5.45 lakh new SIPs amounting to Rs125.44 Cr.
•For Feb’21 the platform registered 4.97 lakh new SIPs amounting to Rs 120.31 Cr.
IFA’s:
•Distributor count has seen a huge increase to 69,524 (as on March 2021) from 56,861 (as on March 2020).
BSE StAR MF App (StAR MF Mobility) has processed over 19.28 lakh transactions since its launch, amounting to Rs 11,007 crore. The app was launched to help distributors and IFAs (Independent Financial Advisors) register clients on real-time basis and execute paperless transactions. Because of the superior support system and distribution reach of BSE StAR MF, the platform has grown exponentially with over 69,000 registered distributors in India.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity 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 (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
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’s 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, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
Media Contact:
Yatin Padia / Rahul Vyas / Shruti Nitesh
022 2272 8516 / 2272 8472 / 8108000974
Yatin.padia@bseindia.com / Rahul.vyas@indiainx.com / shruti.nitesh@adfactorspr.com