BSE StAR MF reaches new milestone
BSE StAR MF has achieved a new milestone. The online mutual fund platform recorded the highest number of transactions on January 11, 2021.
It recorded around 14.69 lakh MF transactions in a single day. With digital transactions ruling the roost due to the outbreak of COVID-19, all mutual funds are channelising their transactions via online platforms.
Previously, BSE StAR MF had achieved a positive net equity inflow of Rs 370 crore for the month of November 2020. On the contrary, the industry had experienced an outflow of Rs 12,917 crore during the same month.
BSE StAR MF is India's largest mutual funds distributor platform, which focusses on consistently transforming itself into a unique end-to-end value-based platform. During the recent period of pandemic and subsequently imposed nationwide lockdowns, BSE StAR MF helped AMCs, their members as well as clients in smooth paperless transactions.