Looking at ways to enhance your business & career? Log onto streetsahead.in to upgrade yourself!
SUBSCRIBE NEWSLETTER
MF News BSE StAR MF executes over 5 lakh MF transaction in a single day

BSE StAR MF executes over 5 lakh MF transaction in a single day

BSE StAR MF executes over 5 lakh MF transaction in a single day
Team Cafemutual Aug 10, 2018

Financial advisors using BSE StAR MF distribution platform have executed over 5 lakh transaction in a single day. The company claims that it is a record high for a day. The total value of these transactions is over Rs.700 crore, said a press release.

BSE StAR MF has recorded 15.62 lakh orders in 8 trading days of August 2018 with 3 days over 2 lakh orders in a day.

IFAs added 2.65 lakh new SIPs in July 2018 through the platform, which is nearly 26% of total SIPs added to MF industry.

The exchange platform said, “BSE StAR MF has experienced a growth of over 540% in the last 2 years. The BSE StAR MF exchange infrastructure is predominately catering to retail category of mutual funds industry i.e. 26 % in terms of transactions and over 40% in terms of value of transactions.”

Ashishkumar Chauhan, MD&CEO, BSE said “BSE StAR MF has a potential to do 1 crore MF transactions in a single day. We are sure, after witnessing this milestone, all AMCs will also whole heartedly work with BSE Star MF to reduce their distribution cost and automate the distribution processes. It is estimated that each MF order placed on BSE StAR MF saves MF industry more than Rs 300.”

Click to clap
4 Comments
Ratnesh · 1 week ago
Please indoduce ekyc facility in BSE platform as NSE already use ekyc
Harjit singh Arora · 1 week ago
i also support
Reply
suryakant kale · 1 week ago
How to use ur Tools.Please disclose.Till date Partner code not alloted to me Please follow.
Sunil Kumar · 1 week ago
BSE ???? is best transaction platform of IFA.
Need devlop some features like ekyc, multi nominee, view portfolio own client .
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.