BSE StAR MF set to create a new milestone
The platform to touch 10L transactions/day and 50L transactions/month
Mumbai, 14 November 2019: BSE StAR MF, India's largest Mutual Funds Distributor platform has been consistently outperforming with number of orders, new registrations and SIPs. Recently, the platform clocked highest ever transactions of 8.76L on November 11, 2019.
The highest–ever transaction recorded earlier on the platform are 8.56L as on August 13, 2019 and 7.62L as on June 10, 2019. BSE StAR MF platform is now confident to soon set a milestone of 10L transactions/day and 50L transactions/month.
Commenting on the consistent performance of the platform Shri Ganesh Ram, Head BSE StAR MF said, “BSE management team is extremely thankful to the members, AMCs, partners and vendors for their relentless support.”
BSE this year also launched an app to help the distributor and the IFAs (Independent Financial Advisors) to register clients on real-time basis and execute paperless transactions, till now over 1 L transactions got processed through IFA Mobility app. It is the superior support system and distribution reach of BSE StAR MF that is enabling the platform to grow exponentially with more then 55000 distributors who can transact through BSE StAR MF.
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 demutualised 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, 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 delivery-based futures contract in gold (1 kg) and silver (30 kg).
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.
Yatin Padia / Rahul Vyas / Shruti Nitesh
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