Media Release
BSE StAR MF contributes 76% of net equity inflow and 50 % of new SIP registrations to industry in December 2022
Mumbai, January 13th, 2023: BSE StAR MF, India's largest regulated Exchange-based online Mutual Funds Distribution platform has contributed Net Equity Inflow of 76% amounting to Rs. 5,515 Cr as compared to the industry’s Net Equity Inflow of Rs. 7,303 Cr in December’22.
BSE StAR MF contributed new SIP registration of 50%, which is 11.67 lakh to the industry’s new SIP registration of 23.24 lakh in December 2022.
The platform had also processed 37.75 lakh transactions on December 12th, 2022, outdoing its previous single-day record of 34.29 lakh transactions on October 10th, 2022.
BSE StAR MF set its monthly highest record of 2.44 Cr transactions in December 2022 as against its previous best of 2.32 Cr transactions in November 2022.
Overall, the platform achieved 101% of the transaction within nine months which is 18.72 Cr. during FY 22-23(Apr –Dec) as compared to 18.47 Cr. transactions during FY 21-22.
BSE StAR MF App (StAR MF Mobility) has processed over 94.95 lakh transactions since its launch, amounting to Rs. 25,746 Cr as on Dec’22. The app was launched to help Mutual Fund Distributors register clients on real-time basis and execute paperless transactions. The superior support system and distribution reach of BSE StAR MF has led to the exponential growth of the platform with a network of over 74,101 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 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.
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Media Contact:
Yatin Padia / Rahul Vyas /Shruti Nitesh
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Yatin.padia@bseindia.com/ Rahul.vyas@indiainx.com/ shruti.nitesh@adfactorspr.com