BSE StAR MF Achieves 26% Of Net Of Inflow For Current Fiscal Period Up To Nov 19
BSE StAR MF is growing exponentially with more than 55,000 distributors already registered on the platform.
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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 26% of net inflows (48,947 Cr out of 1,88,953 Cr) for current fiscal period up to Nov 2019.
Commenting on achieving more than ¼ of industry net inflow, Shri Ganesh Ram, Head BSE StAR MF, BSE said, “This achievement is a clear indication of BSE's vision to enhance its market share and confidence of increasing the market share significantly in the coming days. It is worthwhile to note that BSE is aiming at touching a milestone of 50L transactions/month and 10L transactions/day very soon.”
BSE StAR MF is growing exponentially with more than 55,000 distributors already registered 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