“Achievement is a clear indication of BSE's vision and consistent efforts to enhance its market share”
GN Bureau | December 13, 2019
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.
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