BSE StAR MF achieves 61% share of equity net inflow for November

“Achievement is a clear indication of BSE's vision and consistent efforts to enhance its market share”

GN Bureau | December 13, 2019


#finance   #mutual fund   #stock market   #BSE  
(Photo courtesy: Wiki/CreativeCommons)
(Photo courtesy: Wiki/CreativeCommons)

BSE StAR MF, India's largest mutual funds distributor platform, is working on ways to transform itself into a unique end-to-end value-based services platform. It has achieved 61% share of equity net inflows (Rs 802.96 crore out of Rs 1311.65 crore) for the month November 2019.
 
“This achievement is a clear indication of BSE's vision and consistent efforts to enhance its market share. To reiterate, BSE is aiming at touching a milestone of 50L transactions/month and 10L transactions/day very soon,” Ganesh Ram, head, BSE StAR MF, BSE, said in a press statement on Monday.
 
With its superior support system and distribution reach, BSE StAR MF is growing exponentially with more than 55,000 distributors who can transact on the platform. The platform has already set up a new transactional benchmark of processing 46.76L transactions/month and 7.84L transactions/day.
 
The platform has achieved 26% of net inflows (48,947 crore out of 1,88,953 crore) for current fiscal period up to November. Till November, BSE StAR MF has done 3.41 crore transactions with a value of Rs 1.17 lakh crore which is 56% growth as compared to the same period in the previous fiscal (2.19 crore transactions with a value of Rs 1.03 lakh crore).
 
The mobile app added 1.41 lakh transactions with a value of 1,367 crore this fiscal up to November 2019.
 
BSE StAR MF has a market share of 52% of new customers in the current quarter. It has added 2.4 lakh new SIPs in November 2019 and 4.30 lakh new SIPs for the current quarter. In November, BSE StAR MF has processed 31,67,379 SIPs.

BSE, formerly known as Bombay Stock Exchange and established in 1875, is Asia’s first and now the world’s fastest stock exchange with a speed of six microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange, Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

Comments

 

Other News

When insurance fails our migrant workers

Two weeks ago, 28 year old Senthil Kumar (name changed) from Tiruppur died of a heart attack in a labour camp near Dammam, Saudi Arabia. His body came home to Chennai because his employer agreed to pay for the airfare. His family received ₹10 lakh under the Pravasi Bharatiya Bima Yojana (PBBY). The distr

Fifty years later, what we need to learn from the Emergency?

50 Years of the Indian Emergency: Lessons for Democracy Edited by Peter Ronald deSouza and Harsh Sethi Orient BlackSwan, 376 pages, Rs 1,025

Diwali now part of UNESCO’s Intangible Cultural Heritage list

Deepavali, the festival of lights, has been inscribed on UNESCO’s List of the Intangible Cultural Heritage of Humanity. This was announced at the 20th UNESCO Intergovernmental Committee session at Red Fort, New Delhi, held from December 8-13, 2025. It is the 16th Indian element on thi

IIT Bombay launches Rs 250 crore deep-tech VC fund

The Society for Innovation and Entrepreneurship (SINE) at IIT Bombay has launched India’s first deep-tech venture capital fund managed by an academia-linked incubator -- the Y-Point Venture Capital Fund. With a total corpus of Rs 250 crore, the fund aims to accelerate early-stage deep-tech startups b

Revisiting anti-Sikh violence of 1984

Remembering the Past: Critical Perspectives on the Anti-Sikh Violence of 1984 Edited by Ishmeet Kaur Chaudhry, with a Foreword by Amritjit Singh Orient BlackSwan, pages, Rs 1,285

`Vande Mataram showed India the way to self-reliance`

`Vande Mataram` showed India the way to self-reliance. "It became a mantra to challenge external companies, which also expanded the mantra of independence towards the mantra of Swadeshi,” prime minister Narendra Modi said in the Lok Sabha on Monday, as he initiated a debate on the occasion of th

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter