NE BUSINESS BUREAU
MUMBAI, MARCH 11
The BSE StAR MF, India’s largest Mutual Funds Distributor platform, set a new record by processing 10.35 lakh transactions on Wednesday, March 11, 2020.
BSE StAR MF transactions have grown by 57% during this fiscal year ending February 2020 in comparison to the same period last year. It has processed 5.04 crore transactions (April 2019 to February 2020) compared to the same period of the previous year which was 3.21 crore transactions.
The platform has also shown significant growth of 18% in terms of Turnover (Rs. 1,76,546 crores in April 2019 to February 2020 viz a viz Rs. 1,49,473 crores for the period April 2018 to February 2019).
The current StAR MF SIP book size is 38.39 Lakhs amounting to Rs 1103.71 crores as of February 2020. The platform registered 1.21 lakh new SIPs amounting to Rs 45.16 crore for the period 1st Mar to 11th Mar 2020. BSE StAR MF’s Distributor count has seen multi-fold increase to 56,500 (as on date) from 21,693 (as on February 2019)
