Media Release
BSE StAR MF records highest ever transactions; processes 54.43 lakh transactions in January 2020
Mumbai, January 31, 2020: Continuing its stellar performance, BSE StAR MF, India's largest Mutual Funds Distributor platform, has processed above 54.43 lakh transactions in the month of January 2020 amounting Rs.16,235 Cr. The previous best was 49.60 lakh transactions in the month of Dec 2019. Overall, the platform has surpassed 4.47 crore transactions in the current financial year for the period April 2019 to January 2020.
The platform has also registered 2.98 lakh new SIPs amounting to Rs 83.74 crore till 31st January 2020, current StAR MF SIP book size is 35.68 Lakhs amounting Rs 1025.85 Cr.
BSE StAR MF app (StAR MF Mobility) has processed over 2.26 Lakh transactions since its launch, amounting to Rs 2181.50 crore. The app was launched to help the distributor and the IFAs (Independent Financial Advisors) to register clients on real-time basis and execute paperless transactions. It is the superior support system and distribution reach of BSE StAR MF that is enabling the platform to grow exponentially with over 56,000 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