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  • 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 11, 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.”

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    4 Comments
    Ratnesh · 5 years ago `
    Please indoduce ekyc facility in BSE platform as NSE already use ekyc
    Harjit singh Arora · 5 years ago
    i also support
    Reply
    suryakant kale · 5 years ago `
    How to use ur Tools.Please disclose.Till date Partner code not alloted to me Please follow.
    Sunil Kumar · 5 years ago `
    BSE ???? is best transaction platform of IFA.
    Need devlop some features like ekyc, multi nominee, view portfolio own client .
    Login or Sign up to post comments.
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