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BSE StAR MF outperforms the industry in net equity inflow in October 2021

BSE StAR MF also set a record processing 1.60 Cr transactions for the first time with an all-time high turnover of Rs42,927cr in Oct’21 compared to its previous best record of 1.52 Cr transactions in Sep’21.

November 12, 2021 8:00 IST | India Infoline News Service
BSE StAR MF, India's largest Mutual Funds Distributor platform has outshone the industry net equity inflow by contributing Rs7,914cr as compared to industry’s Net Equity Inflow of Rs5,215cr in October, 2021.

With all mutual funds and distributors channelising their transactions through online platforms, BSE StAR MF is constantly transforming itself into a unique end-to-end-value based platform.

BSE StAR MF also set a record processing 1.60 Cr transactions for the first time with an all-time high turnover of Rs42,927cr in Oct’21 compared to its previous best record of 1.52 Cr transactions in Sep’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 100% of the transaction within 7 months which is 9.40 Cr. during FY 21-22(Apr – Oct) as compared to 9.38 Cr transactions during FY 20-21.

BSE StAR MF Key Highlights:

Turnover:
  • For Oct’21 it was Rs. 42,927 Cr. compared to Rs. 35,242 Cr on Sep’21, an increase of 21 %
  • For Oct’21 it was Rs. 42,927 Cr. compared to Rs. 22,905 Cr on Oct’20, a significant growth of 87%
  • 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 Oct’21 it was Rs. 7,914 Cr compared to Rs. 6,396 Cr for Sep’21, a growth of 24%
  • For Oct’21 it was Rs. 7,914 Cr compared to Rs. 1,033 Cr for Oct’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 Oct’21 it was 1.60 Cr as compared to 1.52 Cr for Sep’21 an increase by 5%
  • For Oct’21 it was 1.60 Cr as compared to 76.74 lakh for Oct’20 an incredible growth of 109%
  • 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 Oct’21 the platform registered 9.16 lakh new SIPs amounting to Rs. 208.55 Cr.
  • For Sep’21 the platform registered 9.71 lakh new SIPs amounting to Rs. 222 Cr.
  • MFD’s:
Distributor network has seen multi-fold increase to 71,014 (as on October 2021).
BSE StAR MF App (StAR MF Mobility) has processed over 38 lakh transactions since its launch, amounting to Rs. 16,563 Cr as on Oct 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 71,014 registered distributors in India.  

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