BSE StAR MF signs MoU with Godavari Urban Multi State Credit Co-Op Society Ltd

GUMCCSL covers a Lion’s share in almost Maharashtra, Telangana, Andhra Pradesh, Karnataka and a modest of Gujarat; fulfilling the dreams of extensive public.

BSE StAR MF, India's largest and leading Mutual Funds Distributor platform has signed a Memorandum of Understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society Ltd., Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors. Established in 2013, GUMCCSL is an autonomous association of people united voluntarily to meet their mutually social, economical, cultural, professional and personal aspirations.

Initially a venture of middle class; presently GUMCCSL covers a Lion’s share in almost Maharashtra, Telangana, Andhra Pradesh, Karnataka and a modest of Gujarat; fulfilling the dreams of extensive public. Through this MoU, BSE StAR MF aims to promote investment behavior by spreading awareness and onboarding new investors among prospective customers in areas, primarily rural, served by GUMCCSL.

The MoU aims to facilitate cooperation between BSE StAR MF and rural markets in areas such as financial inclusion, investment goals, and wealth creation. The MoU will enable both parties to instill collaboration with meaningful outcomes. Financial Inclusion plays a crucial role to increase the awareness about the concept of mutual fund in urban, semi urban and rural areas.

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.