BSE StAR MF sets a new high
Mutual Fund platform BSE StAR MF has set a new high. It recorded the highest number of MF transactions for the month of August 2020.
BSE StAR MF recorded around 73.34 lakh transactions in August 2020, itself.
In July 2020, BSE StAR MF had contributed Rs 653 crore as net equity inflow whereas, the industry experienced a net outflow of Rs 2,480 crore. As for the month of June 2020, BSE StAR MF contributed a net equity inflow of Rs 1,882 crore to the industry's net equity inflow of Rs 241 crore.
Previously, it had also announced the launch of a direct investment portal for corporates to further simplify the investment process. The portal, which is named as StAR MF Corp Direct, provides end-to-end value-based services to the asset management companies (AMCs), distributors, investors, and mutual fund industry participants.