BSE StAR MF achieves a new record; processes 2.04 crore transactions in May 2022

Surpasses its all-time highest monthly record of 1.96 crore transactions in Mar 2022

Continuing its stellar performance, India's largest regulated Exchange-based online Mutual Funds Distribution platform- BSE StAR MF- 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 2.04 crore transaction in May 22 as against its previous best of 1.96 crore transactions in March 22.

In FY22, BSE StAR MF has processed 18.47 crore transactions as compared to 9.38 crore during FY 20-21.

During the financial year 2021-22, BSE StAR MF has put up 97 per cent growth to reach 18.47 crore transactions and Rs 81,350 crore as net equity inflow for mutual funds.

Some of the Key Highlights are:

Turnover:

• For May 22 was Rs. 38,370 crore, compared to Rs 36,703 crore on April 22, an increase of 5 per cent.
• For May 22 was Rs. 38,370 crore, compared to Rs. 31,288 crore on May 21, an incredible growth of 23 per cent.

Net Equity Inflow:

• For May 22 it was Rs. 8,403 crore compared to Rs. 6,999 crore for April 22 a growth of 20 per cent.
• For May 22 it was Rs. 8,403 crore compared to Rs. 5,147 crore for May 21, an incredible growth of 63 per cent.

Transactions:

• For May 22 was 2.04 crore an increase of 5 per cent as compared to 1.94 crore for Apr 22.
• For May 22 was 2.04 crore has significantly increased by 79 per cent as compared to 1.10 crore for May 21.

SIP Book Size:

• For May 22 the platform registered 8.17 lakh new SIPs amounting to Rs 208 crore.
• For Apr 22 the platform registered 9.81 lakh new SIPs amounting to Rs 243 crore.

MFD’s: 

• Distributor network has seen multi-fold increase to 72,709 (as on May 2022). 

BSE StAR MF App (StAR MF Mobility) has processed over 65.04 lakh transactions since its launch, amounting to Rs. 21,782 Cr till May 2022. 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 72,252 distributors in India