MF News BSE starts levying transaction fee on its BSE Star MF platform

BSE starts levying transaction fee on its BSE Star MF platform

The transaction fee ranges from Rs. 6 to Rs 30 depending on the number of transactions.

Team Cafemutual Dec 1, 2016

BSE has started levying transaction fee on its BSE Star MF platform. The transaction fee is applicable from December 1, 2016. This cost will be borne by AMCs.

Transaction fee

“In order to cover the costs of operations, all participating Mutual Funds/AMCs are hereby informed that transaction charges shall be levied on all orders being routed through the BSE Star MF platform”, states the circular issued on 30 November.

BSE Star MF is a browser based automated online order collection system which can be accessed through web from anywhere. Distributors can initiate a number of transactions like invest, redeem and start a SIP through this platform on behalf of their clients.

BSE StAR MF has around 2400 registered distributors using this platform.

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3 Comments

Renu · 7 years ago `

Demat annual free also collected from AMC/exchange
FURTHER it can be added in expance ratio.

Sadiq Hussain v · 7 years ago `

Good mood.

Vital Pathuri · 7 years ago `

Good Info. Use full. Plz share the circular reference

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

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Lead to poaching of clients

No significant effect on my business

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