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.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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.