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BSE StAR MF sets a new record for second time in a month

Geyatee Deshpande
/ Categories: Mindshare
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BSE StAR MF sets a new record for second time in a month

BSE StAR MF, India's largest and leading Mutual Funds Distributor 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, BSE StAR MF has processed 17.84 lakh transactions on April 12, 2021, outdoing its previous best single-day record of 15.52 lakh transactions on April 5, 2021.

BSE StAR MF, also set its highest monthly record of 1.10 crore transaction in March 2021 as against its previous best of 92.98 lakh transactions in January 2021.

In FY 20-21, BSE StAR MF has processed 9.38 crore transactions as compared to 5.75 crore during FY 19-20.

The platform also achieved its highest ever SIPs of 5.45 lakh registered in a month in March 2021.

During FY 20-21, BSE StAR MF has put up 63  per cent growth to reach 9.38 crore transactions and Rs 22,444 crore net inflow for mutual funds.

Annual Turnover during FY 20-21 was Rs 3,33,187 crore while for March 2021 it was Rs 31,556 crore, compared to Rs 28,307 crore for February 2021 which is an increase of 11 per cent.

Annual Transactions increased rapidly by 63 per cent from 9.38 crore in FY 20-21 as compared to 5.75 crore in FY 19-20.

Total StAR MF’s SIP book size is 81.30 lakh as on date while for March 2021 the platform registered 5.45 lakh new SIPs amounting to Rs 125.44 crore.

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