Mumbai, April 13, 2020: Continuing its stellar performance BSE StAR MF,
India's largest Mutual Funds Distributor platform sets an all new record by
registering an all-time single-day high transactions for the third consecutive
month amidst these challenging times.
the mutual funds have decided to channelize their transactions through online
platforms and despite the outbreak of Covid-19, BSE StAR MF has registered
11.58 lakh transactions on 13th April, 2020 outdoing its previous best record
of 10.35 lakh transactions(on 11th March,2020).
Commenting on this, Mr. Ganesh Ram, Business Head-Mutual Funds,
BSE StAR MF said, ‘BSE StAR MF has a simplified distributor empanelment
process and a
superior technology architecture in place that offers seamless experience to
all the participants. The regional team of BSE StAR MF has been
personally handholding many distributors who have been doing physical
transactions, to switch over to the online platform. BSE StAR MF is grateful to
all its members, and owes its achievement to its unwavering team spirit,
culture of hard work & commitment to leave no stone unturned even during
BSE StAR MF witnessed a
whopping 60 % growth in transactions during
fiscal year ending Mar ‘20 in comparison to same period last year. It has processed 5.75 crore
transactions (Apr’19 to Mar ‘20) compared to previous year (Apr’18 to
Mar‘19), which was 3.59 crore transactions.
The Annual Turnover during FY
19-20 was Rs. 4,23,864 crores.
The current StAR MF SIP book
size is 39.01Lakhs amounting Rs. 112.16 crores as of Mar 2020.
The platform registered 96,091 new SIPs amounting to Rs. 27.62crore
for the period 1st Apr to 13th Apr 2020.
BSE StAR MF’s
Distributor count has seen multi-fold increase to 56,919(as on date).