BSE StAR MF achieves a new milestone; 2.32 crores transactions processed in November 2022

Surpasses its all-time highest monthly record of 2.10 crores transactions in October 2022

Continuing its stellar performance, India's largest regulated Exchange-based online Mutual Funds Distribution platform is moving consistently towards transforming itself into a unique end-to-end-value-based platform.

With all mutual funds and distributors channelising their transactions through online platforms, BSE StAR MF, set its highest monthly record of 2.32 crores transactions in November’22 as against its previous best of 2.10 Crores transactions in October’22.

Overall, the platform achieved 88percent of the transaction within 8 months which is 16.28 Crores. during FY 22-23 (Apr –Nov) as compared to 18.47 Crores. transactions during FY 21-22.

Some of the Key Highlights are:

Transactions:

• For Nov’22 was 2.32 Crores compared to 2.10 Crores for Oct’22, an increase by 10 percent
• For Nov’22 was 2.32 Crores as compared to 1.68 Crores for Nov’21, a significant increase by 38 percent.
• Transactions during Q2 FY 22-23 was 5.91 Crores as compared to 4.26 Crores during Q2 FY 21-22, growth by 36 percent 

Net Equity Inflow:

• For Nov’22 it was Rs. 3,704 Crores compared to Rs 4,397 Crores for Oct’22.
• For Nov’22 it was Rs. 3,704 Crores compared to Rs. 6,557 Crores for Nov’21.
• Net Equity inflow during Q2 FY 22-23 is Rs. 14,937 Crores compared to Rs. 21,524 Crores for Q2 FY 21-22.

SIP Book Size:

• For Nov’22 the platform registered 11.33 lakh new SIPs amounting to Rs 274 Crores.
• For Oct’22 the platform registered 10.49 lakh new SIPs amounting to Rs 254 Crores.

Turnover:

• For Nov ‘22 was Rs. 34,352 Crores., compared to Rs. 27,819 Crores. in Oct ’22, an increase by 21percent
• For Nov ‘22 was Rs. 34,352 Crores., compared to Rs. 37,501 Crores. in Nov ’21.
• Turnover for Q2 FY 22-23 was Rs. 98,302 Crores as compared to Rs. 1,10,045 Crores for Q2 FY 21-22.

MFDs:

• Distributor network has seen a multi-fold increase to 73,899 (as on November 2022).

BSE StAR MF App (StAR MF Mobility) has processed over 90.51 lakh transactions since its launch, amounting to Rs. 25,185 Crores as on Oct’22. The app was launched to help Mutual Fund Distributors register clients on real-time basis and execute paperless transactions. Because of the superior support system and distribution reach of BSE StAR MF, the platform has grown exponentially with network of over 73,899 distributors in India.