Sunday 19th September 2021

BSE StAR MF achieves 61% share of Equity net inflow for the month November 2019

Dec 9th, 2019 8:41 pm | By | Category: LATEST NEWS

Ashishkumar Chauhan MD & CEO (BSE)

Ashishkumar Chauhan
MD & CEO (BSE)


(THE NEWSMAN OF INDIA.COM)
Mumbai, 9 December 2019: BSE StAR MF, India’s largest Mutual Funds Distributor platform, is working on ways to transform the platform to a unique end-to-end value-based services one. The platform has achieved 61% share of equity net inflows (802.96 Cr out of 1311.65 Cr) for the month Nov 2019.

Commenting on this achievement, Shri Ganesh Ram, Head BSE StAR MF, BSE said, “This achievement is a clear indication of BSE’s vision and consistent efforts to enhance its market share. To reiterate, BSE is aiming at touching a milestone of 50L transactions/month and 10L transactions/day very soon.”

With its superior support system and distribution reach, BSE StAR MF is growing exponentially with more than 55,000 distributors who can transact on the platform. The platform has already set up a new transactional benchmark of processing 46.76L transactions/month and 7.84L transactions/day.

In the current fiscal from April to November 2019, BSE StAR MF has done 3.41 Crs transactions with a value of Rs 1.17 lakh Crs which is 56% growth as compared to the same period in the previous fiscal. (2.19 Crs transactions with a value of Rs 1.03 lakh Crs).

Mobile app added 1.41 Lakhs transactions with a value of 1,367 Crs this fiscal upto November 2019.

It is worthwhile to note that, BSE StAR MF:
1.Has a market share of 52% of new customers in the current quarter.
2.Has added 2.4 Lakhs new SIPs in November 2019 and 4.30 Lakhs new SIPs for the current quarter.
3.In Nov2019, BSE StAR MF has processed 31,67,379 SIPs

Government News

Comments are closed.