BSE StAR MF contributes Net Equity Inflow of 56% that is Rs. 6,557 Cr to Industry’s Net Equity Inflow of Rs. 11,615 Cr in November 2021

Yogesh Supekar
/ Categories: Trending, Mindshare
BSE StAR MF contributes Net Equity Inflow of 56% that is Rs. 6,557 Cr to Industry’s Net Equity Inflow of Rs. 11,615 Cr in November 2021

Continuing its stellar performance, BSE StAR MF, 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.

With all mutual funds and distributors channelising their transactions through online platforms and despite the outbreak of Covid-19, BSE StAR MF contributes Net Equity Inflow of 56% that is Rs. 6,557 Cr as compared to industry’s Net Equity Inflow of Rs. 11,615 Cr in Nov’21.

BSE StAR MF also set a record of highest monthly transaction of 1.68 cr in Nov’21 compared to its previous best of 1.60 cr in Oct’21. On November 8th 2021, BSE StAR MF processed highest transactions in a single-day of 26.52 lakh compared to its previous best record of 24.08 lakhs transaction in Sep’21. 

Overall, the platform achieved 118% of the transaction within 8 months which is 11.08 Cr. during FY 21-22(Apr – Nov) as compared to 9.38 Cr. transactions during FY 20-21. 

BSE StAR MF Key Highlights:

Turnover:

  • For Nov’21 it was Rs. 37,328 Cr. compared to Rs. 42,927 Cr. on Oct’21.
  • For Nov’21 it was Rs.37,328 Cr. compared to Rs. 23,348 Cr. on Nov’20, a significant growth of 60%  
  • 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 Nov’21 it was Rs. 6,557 Cr compared to Rs. 7,914 Cr for Oct’21.
  • For Nov’21 it was Rs. 6,557 Cr compared to Rs. 370 Cr for Nov’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 Nov’21 it was 1.68 Cr as compared to 1.60 Cr for Oct’21 an increase by 5%
  • For Nov’21 it was 1.68 Cr as compared to 74.35 lakh for Nov’20 an incredible growth of 126% 
  • 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 Nov’21 the platform registered 9.06 lakh new SIPs amounting to Rs. 207.91 Cr.
  • For Oct’21 the platform registered 9.16 lakh new SIPs amounting to Rs. 208.55 Cr.  

MFD’s:

  • Distributor network has seen multi-fold increase to 71,326 (as on November 2021). 

BSE StAR MF App (StAR MF Mobility) has processed over 41.50 lakh transactions since its launch, amounting to Rs. 17,304 Cr as on Nov 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 71,326 distributors in India. 

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.

 

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