BSE StAR MF processes 1.52 crore transactions worth Rs 35,242 crore in September 2021
Continuing strong upward trajectory: Surpasses its all-time highest monthly record of 1.41 crore transactions in August 2021
BSE StAR MF, India's largest regulated Exchange-based online Mutual Funds Distribution platform, has created an all-new record. With all mutual funds and distributors channelising their transactions through online platforms and despite the outbreak of Covid-19
In September 2021, BSE StAR MF set a new record processing 1.52 crore transactions for the first time worth Rs. 35,242 crore.
The former highest monthly transactions 1.41 crore was achieved in August 2021.
The platform also achieved its highest ever new SIPs of 9.71 lakh registered in a month in September 21 as compared to previous highest of 9.09 lakh in August 2021.
Overall, the platform achieved 83 per cent of the transaction within 6 months which is 7.80 crore during FY 21-22 (April – September) as compared to 9.38 crore transactions during FY21.
Some of the Key Highlights are:
Turnover:
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For September 2021 it was Rs. 35,242 crore compared to Rs. 36,277 crore on August 2021
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For September 2021 it was Rs. 35,242 crore compared to Rs. 24,493 crore on September 2021, a significant growth of 44 per cent
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Turnover for Q2FY22 was Rs. 1,09,836 crore as compared to Rs. 75,531 crore for Q2 FY21, increase by 45 per cent
Net Equity Inflow:
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For September 2021 it was Rs. 6,396 crore compared to Rs. 7,614 crore for August 2021.
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For September 2021 it was Rs. 6,396 crore compared to Rs. 1,488 crore for September 2020.
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Net Equity inflow during Q2FY22 is Rs. 21,524 crore compared to Rs. 2,808 crore for Q2FY21
Transactions:
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For September 2021 it was 1.52 crore as compared to 1.41 crore for August 2021 an increase by 8 per cent
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For September 2021 it was 1.52 crore as compared to 71.93 lakh for September 2020 an incredible growth of 111 per cent
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Transactions during Q2FY22 was 4.26 crore as compared to 2.14 crore during Q2FY21, tremendous growth by 99 per cent
New SIP Registrations:
MFD’s:
BSE StAR MF App (StAR MF Mobility) has processed over 34.79 lakh transactions since its launch, amounting to Rs. 15,835 Cr as on Sep 2021. 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 70,787 distributors in India.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure.