Media Release
BSE StAR MF achieves 26% of net inflow for current fiscal period up to Nov 19
Mumbai, 6 December 2019: BSE StAR MF, India's largest Mutual Funds Distributor platform, is working on ways to transform the platform to a unique end-to-end value-based services one. The platform has achieved 26% of net inflows (48,947 Cr out of 1,88,953 Cr) for current fiscal period up to Nov 2019.
Commenting on achieving more than ¼ of industry net inflow, Shri Ganesh Ram, Head BSE StAR MF, BSE said, “This achievement is a clear indication of BSE's vision to enhance its market share and confidence of increasing the market share significantly in the coming days. It is worthwhile to note that BSE is aiming at touching a milestone of 50L transactions/month and 10L transactions/day very soon.”
With its superior support system and distribution reach, BSE StAR MF is growing exponentially with more than 55,000 distributors already registered on the platform. The platform has already set up a new transactional benchmark of processing 46.76L transactions/month and 7.84L transactions/day.
In the current fiscal from April to November 2019, BSE StAR MF has done 3.41 Crs transactions with a value of Rs 1.17 lakh Crs which is 56% growth as compared to the same period in the previous fiscal. (2.19 Crs transactions with a value of Rs 1.03 lakh Crs).
Mobile app added 1.41 Lakhs transactions with a value of 1,367 Crs this fiscal upto November 2019.
It is worthwhile to note that, BSE StAR MF:
1. Has a market share of 52% of new customers in the current quarter.
2. Has added 2.4 Lakhs new SIPs in November 2019 and 4.30 Lakhs new SIPs for the current quarter.
3. In Nov2019, BSE StAR MF has processed 31,67,379 SIPs
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 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, 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
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Yatin.padia@bseindia.com/ Rahul.vyas@indiainx.com/ shruti.nitesh@adfactorspr.com