BSE Star MF becomes largest MF distribution platform
Published: Nov 13, 2017
By TIOLCORPLAWS News Service
NEW DELHI, NOV 13, 2017: BSE Star MF processed over 2.5 lakh orders in a Single day on November 10, 2017. The total value of these orders has been over Rs. 525 crores. BSE Star MF witnessed a growth over Year on Year basis to Rs. 65.5 lac in FY 16-17 from Rs. 33 lacs in FY 15-16. In terms of value, it has grown to Rs. 75,000 crs in FY 16-17 from Rs. 44,000 crs in FY 15-16.
BSE Star MF has become the largest distribution platform for Mutual Funds in India in 2016-17. Over 75.5 lakh orders processed aggregating to Rs. 55,257 crores on BSE Star MF Platform till October 31st , 2017 of FY 17-18.As on October 31st , 2017, there are over 5,100 registered members and the membership is growing at a brisk pace. This distribution network of BSE Star MF has been adding nearly 1 lakh new SIPs per month and has by now added over 34 lakh UCC on BSE' mutual funds platform till October 31st, 2017 of FY 17-18.