BSE StAR MF outperforms the industry in net equity inflow in October 2021
Mutual Funds Distributor platform contributes Net Equity Inflow of Rs. 7,914 Cr to Industry’s Net Equity Inflow of Rs.5,215 Cr.
Mumbai, Nov11th, 2021: BSE StAR MF, India’s largest Mutual Funds Distributor platform has outshone the industry net equity inflowby contributing Rs. 7,914Cr as compared to industry’s Net Equity Inflow of Rs. 5,215 Cr in October, 2021.
With all mutual funds and distributors channelising their transactions through online platforms, BSE StAR MF is constantly transforming itself into a unique end-to-end-value based platform.
BSE StAR MF also set arecord processing 1.60 Cr transactions for the first time with an all-time high turnover of Rs. 42,927Crin Oct’21 compared to its previous best record of 1.52 Cr transactions in Sep’21.
On November 8th 2021, BSE StAR MF processed highest transactions in a single-day of 26.52lakh compared to its previous best record of 24.08 lakhs transaction in Sep’21
Overall, the platform achieved 100% of the transaction within 7 months which is 9.40Cr. 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 %
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%
New SIP Registrations:
- ForOct’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.
MFD’s:
- Distributor network has seen multi-fold increase to71,014(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.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 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 demutualized 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.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.