BSE StAR MF raises more than 50 per cent of net equity funds in May 2021

Continuing its stellar performance, BSE StAR MF, India's largest Mutual Funds Distributor platform is moving consistently towards transforming itself into a unique end-to-end-value based platform. In May 2021, BSE StAR MF contributed net equity inflow of Rs 5147 crore as compared to industry’s total of Rs 10083 crore, raising more than 50 per cent of net equity funds.

BSE StAR MF also set a record of highest monthly transaction of 1.14 crore in May 2021 compared to its previous best of 1.11 crore in April 2021.

The platform also achieved its highest ever SIPs of 6.88 lakh registered in a month in May 2021 as compared to previous highest of 5.45 lakh in March 2021.

Overall, the platform achieved 24 per cent of the transaction within 2 months which is 2.25 crore during FY 2021-22(April & May) as compared to 9.38 crore transactions during FY2020-21.

BSE StAR MF App (StAR MF Mobility) has processed over 23.52 lakh transactions since its launch, amounting to Rs 12437 crore as of May 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 over 69000 registered distributors in India.