New Milestone For BSE StAR Mutual Funds! All-time highest monthly record surpassed in Nov 2022

BSE StAR MF has achieved a new milestone as it has surpassed its all-time highest monthly record of 2.10 Cr transactions in October 2022 as 2.32 Cr transactions were processed in November 2022. "Continuing its stellar performance, India's largest regulated Exchange-based online Mutual Funds Distribution platform is moving consistently towards transforming itself into a unique end-to-end-value-based platform," BSE said in a statement.

"With all mutual funds and distributors channelising their transactions through online platforms, BSE StAR MF, set its highest monthly record of 2.32 Cr transactions in November’22 as against its previous best of 2.10 Cr transactions in October’22," the statement added.

Overall, the platform achieved 88% of the transaction within 8 months which is 16.28 Cr. during FY 22-23 (Apr –Nov) as compared to 18.47 Cr. transactions during FY 21-22.

Some of the Key Highlights are:

Transactions:

-For Nov’22 was 2.32 Cr compared to 2.10 Cr for Oct’22, an increase by 10%

-For Nov’22 was 2.32 Cr as compared to 1.68 Cr for Nov’21, a significant increase by 38%.

-Transactions during Q2 FY 22-23 was 5.91 Cr as compared to 4.26 Cr during Q2 FY 21-22, growth by 36% 

Net Equity Inflow:

-For Nov’22 it was Rs. 3,704 Cr compared to Rs 4,397 Cr for Oct’22.

-For Nov’22 it was Rs. 3,704 Cr compared to Rs. 6,557 Cr for Nov’21.

-Net Equity inflow during Q2 FY 22-23 is Rs. 14,937 Cr compared to Rs. 21,524

Cr for Q2 FY 21-22.

SIP Book Size:

-For Nov’22 the platform registered 11.33 lakh new SIPs amounting to Rs 274 Cr.

-For Oct’22 the platform registered 10.49 lakh new SIPs amounting to Rs 254 Cr.

Turnover:

-For Nov ‘22 was Rs. 34,352 Cr., compared to Rs. 27,819 Cr. in Oct ’22, an increase by 21%

-For Nov ‘22 was Rs. 34,352 Cr., compared to Rs. 37,501 Cr. in Nov ’21.

-Turnover for Q2 FY 22-23 was Rs. 98,302 Cr as compared to Rs. 1,10,045 Cr for Q2 FY 21-22.

MFDs:

-Distributor network has seen a multi-fold increase to 73,899 (as on November 2022).

BSE StAR MF App StAR MF Mobility

-BSE StAR MF App (StAR MF Mobility) has processed over 90.51 lakh transactions since its launch, amounting to Rs. 25,185 Cr as on Oct’22. 

-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 73,899 distributors in India.