Media Release
BSE StAR MF, India's largest Mutual Funds Distributor platform records 6.37 lakh transactions on November 12th, 2018; surpasses earlier high of 5.94 lakh transactions on 10th September 2018
Mumbai, November 12, 2018: BSE StAR MF, India’s largest Mutual Funds Distributor platform recorded a new high of 6.37 lakh transactions on November 12th, 2018, logging 10 % growth on a month on month basis. BSE StAR MF surpassed the earlier highest of 5.94 lakh transactions in a single day on 10th September 2018.
The BSE StAR MF telegram group user has crossed 6500 members, as of November 12, 2018. The group has redefined the service standards of Mutual Funds Distributors in India. The robustness and seamlessness of BSE StAR MF, the swiftness of distributors, and query resolution through real-time interaction through BSE StAR MF user’s telegram group have created an ideal ecosystem for all stakeholders in India’s Mutual Funds Industry.
BSE StAR MF has also crossed 16,900 IFA/Mutual Funds Distributors Registration, creating an overall distribution network of over 2,00,000 in over 3000 cities and towns of India. BSE has once again exhibited that with scalability, the service standards notch higher.
More than 37% of new financial transactions in the mutual funds industry are contributed by BSE StAR MF with over 1.83 crore investors registered on the platform. In the current fiscal, till 12th Nov 2018, BSE StAR MF has processed nearly 202.49 Lakhs transactions amounting to Rs 75,000/- cr.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Media Contact:
Yatin Padia / Rahul Vyas / Mihir Dani/ Shruti Nitesh
022 2272 8516 / 2272 8472 / 7738012080/ 8108000974
Yatin.padia@bseindia.com/Rahul.vyas@indiainx.com/mihir.dani@adfactorspr.com/ shruti.nitesh@adfactorspr.com