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

Evaluating public-private partnership, the right way

Public-Private Partnerships (PPP) projects are always under scrutiny, given the options of alternative of traditional procurement for the government. The value-for-money debate is one of the essential parameters to judge any PPP. In the absence of any credible data on this regard, it is very difficult to e

Electoral bonds emerge as preferred mode of political donation

Electoral bonds, introduced in January 2018 to bring in transparency in political funding, has emerged as the preferred route for making donations to parties, according to an analysis of the parties’ audit reports by the Association of Democratic Reforms (ADR). “Given the anonymi

On Met Dept’s foundation day: let’s talk weather

With a humble beginning in 1875, the India Meteorological Department (IMD) – which is celebrating its 145thFoundation Day on January 15 – has marched forward with various milestones and paradigms to serve the society. When weather and climate are playing more and more role in our daily lives, h

You have to sometimes find your adversary No. 1: Prithviraj Chavan

Prithviraj Chavan, a senior Congress leader and former Maharashtra chief minister, is the key architect of the ruling Maha Vikas Aghadi (MVA) alliance that came to power after the three-day government of the BJP, supported by Ajit Pawar of NCP, fell apart just before the supreme court ordered an open b

Connecting the dots: Environmentalism, development and health

Every winter Delhi experiences some of the worst air pollution levels in the world. Concentrations of particulate matter – PM10 and PM2.5 – regularly hover around values of 400 to 500, levels that are considered extremely hazardous by both Indian and international air quality standards. Doctors

Stimulate demand to revive economy: Abhijit Banerjee

Nobel laureate economist Abhijit Banerjee has sounded an alarm on the economic crisis and compared the present situation to the 1991 economic crisis, stressing that to revive the economy it is important to stimulate demand. Like elsewhere in the world, the level of trust in experts and the e



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter