Surpasses all-time highest monthly record! BSE StAR MF processes 1.52 crore transactions worth Rs 35,242 crore in September 2021
The platform also achieved its highest ever new SIPs of 9.71 lakh registered in a month in Sep’21 as compared to previous highest of 9.09 lakh in Aug’21.
Continuing strong upward trajectory and surpassing its all-time highest monthly record of 1.41 Cr transactions in August 2021, BSE StAR MF, India's largest regulated Exchange-based online Mutual Funds Distribution platform, has created an all-new record. With all mutual funds and distributors channelising their transactions through online platforms and despite the outbreak of Covid-19.
In Sep’21, BSE StAR MF set a new record processing 1.52 Cr transactions for the first time worth Rs. 35,242 Cr.
The former highest monthly transactions 1.41 Cr was achieved in Aug’21. The platform also achieved its highest ever new SIPs of 9.71 lakh registered in a month in Sep’21 as compared to previous highest of 9.09 lakh in Aug’21. Overall, the platform achieved 83% of the transaction within 6 months which is 7.80 Cr. during FY 21-22(Apr – Sep) as compared to 9.38 Cr. transactions during FY 20-21.
Some of the Key Highlights are:
Turnover:
For Sep’21 it was Rs. 35,242 Cr. compared to Rs. 36,277 Cr. on Aug’21.
For Sep’21 it was Rs. 35,242 Cr. compared to Rs. 24,493 Cr. on Sep’20, a significant growth of 44%
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 Sep’21 it was Rs. 6,396 Cr compared to Rs. 7,614 Cr for Aug’21.
For Sep’21 it was Rs. 6,396 Cr compared to Rs. 1,488 Cr for Sep’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 Sep’21 it was 1.52 Cr as compared to 1.41 Cr for Aug’21 an increase by 8%
For Sep’21 it was 1.52 Cr as compared to 71.93 lakh for Sep’20 an incredible growth of 111%
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:
For Sep’21 the platform registered 9.71 lakh new SIPs amounting to Rs. 222 Cr.
For Aug’21 the platform registered 9.09 lakh new SIPs amounting to Rs. 211.89 Cr.
MFDs:
Distributor network has seen multi-fold increase to 70,787 (as on September 2021).
BSE StAR MF App (StAR MF Mobility) has processed over 34.79 lakh transactions since its launch, amounting to Rs. 15,835 Cr as on Sep 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 70,787 distributors in India.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
06:14 PM IST