BSE StAR MF reaches new highs, processes 26.52 lakh transactions in a single-day on 8th November, 2021

With all mutual funds and distributors channelising their transactions through online platforms and despite the outbreak of Covid-19, BSE StAR MF has processed 26.52 lakh transactions on 8th November 2021 outdoing its previous best single-day record of 24.08 lakh transactions (on 13th September 2021). 

In Oct’21, BSE StAR MF set a new record processing 1.60 Cr transactions for the first time with an all-time high turnover of Rs. 42,927Cr. 

The former highest monthly transactions 1.52 Cr was achieved in Sep’21.

Commenting on this, Smt. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF said, “Numbers are indication of growth at every level. It’s a good sign as investors are getting educated, doing variety of transactions like purchase, switch, redemption, on StAR MF platform, one of the premier platform for executing the transactions. We expect to see investments growing further with increased number of transactions, long term investment approach & asset allocation across multiple MF schemes. Imparting more knowledge through creating awareness is one of the objective of StAR MF platform.” 

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

BSE StAR MF Key Highlights:

Turnover:

• For Oct’21 it was Rs. 42,927 Cr. compared to Rs. 35,242 Cr on Sep’21, an increase of 21 %
• For Oct’21 it was Rs. 42,927 Cr. compared to Rs. 22,905 Cr on Oct’20, a significant growth of 87%
• Turnover for Q2 FY 21-22 was Rs. 1,09,836 Cr as compared to Rs. 75,531 Cr for Q2 FY 20-21, increase by 45 % 
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Net Equity Inflow:

• For Oct’21 it was Rs. 7,914 Cr compared to Rs. 6,396 Cr for Sep’21, a growth of 24%
• For Oct’21 it was Rs. 7,914 Cr compared to Rs. 1,033 Cr for Oct’20.
• Net Equity inflow during Q2 FY 21-22 is Rs. 21,524 Cr compared to Rs. 2,808 Cr for Q2 FY 20-21

Transactions:

• For Oct’21 it was 1.60 Cr as compared to 1.52 Cr for Sep’21 an increase by 5%
• For Oct’21 it was 1.60 Cr as compared to 76.74 lakh for Oct’20 an incredible growth of 109%
• Transactions during Q2 FY 21-22 was 4.26 Cr as compared to 2.14 Cr during Q2 FY 20-21, tremendous growth by 99%
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New SIP Registrations:

• For Oct’21 the platform registered 9.16 lakh new SIPs amounting to Rs. 208.55 Cr.
• For Sep’21 the platform registered 9.71 lakh new SIPs amounting to Rs. 222 Cr. 
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MFD’s:

Distributor network has seen multi-fold increase to 71,014 (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 71,014 registered distributors in India.