Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

BSE StAR MF Processes 120,000 Orders

BSE chief Chauhan says BSE StAR MF has the potential to completely change the distribution framework of Indian MF industry by reducing the cost and increasing the predictability of processes

Photo Credit :

1489583865_ZgHovz_BSE_Name_Reu.jpg

BSE StAR MF distribution platform, the largest distribution framework for Indian Mutual Fund, processed 120,000 order on 15th March 2017 amounting to Rs 2,234 crore and 161,000 order on 10th March 2017 amounting to Rs 645 crore.

Commenting on the development, Ashishkumar Chauhan, MD & CEO, BSE said, "This is a significant development. We are confident that BSE StAR MF has the potential to completely change the distribution framework of Indian MF industry by reducing the cost and increasing the predictability of processes".

BSE StAR MF is a web-based transaction processing, fully automated online MF collection and settlement system. It is highly flexible electronic order platform which is easy and simple to use. BSE StAR platform is very popular among brokers which account for more than 80% market share. AMFI registered ARN holders and SEBI Registered Investment Advisers can transact on BSE StAR MF platform in demat and non demat ( Physical / SOA mode).

In case of demat mode the investor gets full service from single broker and he/she can view all his/her investments in one single location electronically with same demat account as that for equity shares.


Tags assigned to this article:
stockmarket ashishkumar chauhan mutual funds