News From Press Glitch on BSE Star MF platform disrupts mutual fund orders

Glitch on BSE Star MF platform disrupts mutual fund orders

Source: Mint Apr 13, 2021

Thousands of mutual fund orders failed on Monday due to a glitch on the BSE Star MF platform through which a large share of mutual fund orders are routed. Orders placed through direct investment platforms like Groww and Kuvera as well as mutual fund distributors are routed through the BSE Star MF.

According to a person with knowledge of the matter, who declined to be named, on a daily average around 4.75 lakh transactions for mutual funds are made through this platform.

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