MF News BSE launches Star MF mobile application for distributors

BSE launches Star MF mobile application for distributors

Competitors NSE and MFU also have mobile applications for their empanelled distributors.
Team Cafemutual Jan 10, 2017

To enable distributors to execute transactions on the go, BSE has launched an app version of its Star MF platform.

Distributors can download the beta version from Google Playstore by searching for ‘BSE StarMF’. The app is currently available on android.

After downloading, distributors have to sign up by providing their member identification number. Once the account is created, they can punch in orders on behalf of their clients. All the features which are available on the web version are available on this app.

BSE’s competitor NSE too has an NMFII application which can be used by distributors to place orders for their investors. The application facilitates transactions like purchase, redemption, switch and systematic transactions (SIP, STP, SWP). Further, the application also shows the status of transaction executed through NMF II web platform.


Further, MF Utility also has its goMF app which can be used by its empanelled distributors. 

With the increasing use of smartphones, mobile applications have become a necessity.

Besides platforms, many fund houses have also launched their mobile applications for distributors as well as investors. However, distributors say that it is difficult to download and keep track of multiple passwords on their smartphones. Hence, a single application to transact with multiple AMCs is of great help, say distributors.

While many AMCs have launched mobile applications as long as six years back, they are yet to find acceptance among investors. The industry still receives 98% of applications physically, shows Karvy data.

1 Comment
athimoolam ramaswamy · 1 year ago
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