BSE Star MF distribution platform claims to have received nearly 10 lakh orders in March 2017. In a press release, the company has said that the total value of these orders is over Rs. 15000 crore. The platform has received over 1 lakh order in a single day on March 10, March 15 and March 27.
The company said that the number of transaction has doubled in FY 2016-17. Such transactions have increased from 33 lakh in FY 2015-16 to 65.5 lakh in FY 2016-17.
In terms of value, it has grown to Rs.75,000 crore in FY 16-17 from Rs.44,000 crore in FY 15-16 . The company claims that it is now the largest distribution platform for mutual funds in India.
Commenting on the development, Ashishkumar Chauhan, MD & CEO, BSE said, “The platform has seen tremendous growth since inception and has been progressing every year. Due to its unique features, we see many members joining the platform. We are certain that BSE Star MF will revolutionize the framework the of Indian mutual fund industry.”
Currently, there are 3400 members registered with the platform of which 1340 member are active.
