Out of the 37 asset management companies, 26 AMCs have agreed to pay a nominal service charge per transaction done through BSE StAR MF platform, a BSE release stated.
BSE says that the additional resource will provide better services to AMCs and investors bringing further automation to the investment process.
“We are sure BSE’s relationship with the mutual fund industry, IFAs and more than 1.5 crore mutual funds investors on the BSE StAR MF platform will become even stronger with resolution of this long pending issue in an amicable way. I am sure, the remaining AMCs will also see the value being provided by BSE StAR MF by bringing them additional business and soon decide to pay the nominal service charge per transaction BSE requested as per bilateral agreements between each AMC and BSE more than a year back,” said Ashishkumar Chauhan, MD and CEO, BSE.
The platform has more than 2 lakh IFAs, brokers, broker branches and associates on its network in over 3,000 cities and towns across India.
