BSE StAR MF reaches new highs, processing 37.75 lakh transactions in a single day on December 12

BSE StAR MF App (StAR MF Mobility) has processed over 90.51 lakh transactions since its launch, amounting to Rs. 25,185 croreas on Oct’22.

Continuing its stellar performance, India's largest, regulated, exchange-based online mutual funds distribution platform created an all-new record.

With all mutual funds and distributors channelising their transactions through online platforms, BSE StAR MF has registered 37.75 lakh transactions on December 12, 2022 outdoing its previous single-day record of 34.29 lakh transactions which was on October 10, 2022.

BSE StAR MF, also set its highest monthly record of 2.32 crore transactions in November 2022.

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

Speaking on this Sameer Patil, Chief Business Officer – BSE said“BSE StAR MF platform, created in 2009, with an objective of promoting mutual fund investments has now evolved to become a key intermediary for an investors journey in their investment decisions. BSE is extremely thankful to the SEBI, members, AMCs, partners and vendors for their relentless support as it continues to scale new highs in this journey.”

Some of the key highlights are:

Transactions:

• For Nov’22 was 2.32 crorecompared to 2.10 crorefor Oct’22, an increase by 10 per cent.
• For Nov’22 was 2.32 croreas compared to 1.68 crorefor Nov’21, a significant increase by 38 per cent.
• Transactions during Q2 FY 22-23 was 5.91 croreas compared to 4.26 croreduring Q2 FY 21-22, growth by 36 per cent. 

Net Equity Inflow:

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

SIP Book Size:

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

Turnover:

• For Nov ‘22 was Rs. 34,352 crore, compared to Rs. 27,819 crorein Oct ’22, an increase by 21 per cent.
• For Nov ‘22 was Rs. 34,352 crore, compared to Rs. 37,501 crore. in Nov ’21.
• Turnover for Q2 FY 22-23 was Rs 98,302 croreas compared to Rs. 1,10,045 Cr for Q2 FY 21-22.

MFD’s:

• Distributor network has seen 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 croreas 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.