BSE StAR MF surpasses its all-time highest monthly record of 1.52 cr transactions in September 2021

Achieves a new milestone, processes 1.60 crore transactions with an all-time high turnover of Rs.42,927 crore in October 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 October 21, BSE StAR MF set a new record processing 1.60 crore transactions for the first time with an all-time high turnover of Rs. 42,927 crore

The former highest monthly transactions 1.52 crore was achieved in September 21.

Overall, the platform achieved 100 per cent of the transaction within 7 months which is 9.40 crore during FY 21-22(Apr – Oct) as compared to 9.38 crore transactions during FY 20-21.

Some of the Key Highlights are:

Turnover:

• For October 21 it was Rs. 42,927 crore compared to Rs. 35,242 crore on September 21, an increase of 21 per cent

• For October 21 it was Rs. 42,927 crore compared to Rs. 22,905 crore on October 20, a significant growth of 87 per cent.

• Turnover for Q2FY22 was Rs. 1,09,836 crore as compared to Rs. 75,531 crore for Q2FY21, increase by 45 per cent.

Net Equity Inflow:

• For October 21 it was Rs 7,914 crore compared to Rs. 6,396 crore for September 21, growth of 24 per cent.

• For October 21 it was Rs. 7,914 crore compared to Rs. 1,033 crore for October 20.

• Net Equity inflow during Q2FY22 is Rs. 21,524 crore compared to Rs. 2,808 crore for Q2FY21

Transactions:

• For October 21 it was 1.60 crore as compared to 1.52 crore for September 21 an increase by 5 per cent

• For October 21 it was 1.60 crore as compared to 76.74 lakh for October 20 an incredible growth of 109 per cent

• Transactions during Q2FY22 was 4.26 crore as compared to 2.14 crore during Q2FY21, tremendous growth by 99 per cent.

New SIP Registrations:

• For October 21 the platform registered 9.16 lakh new SIPs amounting to Rs. 208.55 crore.

• For September 21 the platform registered 9.71 lakh new SIPs amounting to Rs. 222 crore.

MFD’s:

• Distributor network has seen multi-fold increase to 71,004 (as on October 2021).

BSE StAR MF App (StAR MF Mobility) has processed over 38 lakh transactions since its launch, amounting to Rs. 16,563 Cr as on Oct 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 71,004 distributors in India.