BSE StAR MF records a new high with 1.96 crore transactions in March 2022

1 Apr 2022 , 10:13 AM

BSE StAR MF, India’s largest regulated Exchange-based online Mutual Funds Distribution platform has scaled new highs by recording 1.96 crore monthly transactions, the highest ever on the platform.

The highest monthly recorded transactions was 1.87 crore in January 2022. BSE StAR MF has helped AMCs, members and their clients in smooth, automated, paperless transactions.

In spite of a tumultuous fiscal, BSE StAR MF processed over 18.47 crore transactions amounting to Rs4,54,023 crore in financial year 2021-22, which is 97% growth as compared to 9.38 crore in FY2020-21. The platform achieved net inflows of Rs81,350 crore in FY21-22.

Mobile apps added 37.51 lakh transactions with a value of Rs. 9,314 crore in FY21-22.

In the past quarter, Jan to March 2022, BSE StAR MF added 33.14 lakh new SIPs.

Some of the Key Highlights are:

Turnover:

– Annual Turnover during FY 21-22 was Rs. 4,54,023 cr.

– For March ‘22 was Rs. 42,976 cr., compared to Rs. 41,339 cr. on February ‘22, an increase of 4%

– For March ‘22 was Rs. 42,976 cr., compared to Rs. 31,556 cr. on Mar ‘21, an incredible growth of 36%

– For Q4 FY 21-22 was Rs. 1,22,135 cr as compared to Rs. 91,696 cr for Q4 FY 20-21, an excellent increase by 33%

Net Equity Inflow:

– For Mar ’22 it was Rs. 6,860 cr compared to Rs. 7,302 cr for Feb ’22

– For Mar ’22 it was Rs. 6,860 cr compared to Rs. 4,233 cr for Mar ’21, an incredible growth of 62%

– During Q4 of FY 21-22 is Rs. 22,068 cr compared to Rs. 8,079 Cr for Q4 FY 20-21 an increase of 173%

Transactions:

– Annual Transactions increased rapidly by 97% from 18.47 cr in FY 21-22 as compared to 9.38 cr in FY 20-21.

– For March ‘22 was 1.96 cr an increase of 8% as compared to 1.82 cr for February ‘22.

– For March ‘22 was 1.96 cr has significantly increased by 79% as compared to 1.10 cr for March’21.

SIP Book Size:

– StAR MF’s total active SIP book size stands at 1.20 cr as on date

– Platform has registered 2.72 cr SIPs as on date

– For Mar’22 the platform registered 10.89 lakh new SIPs amounting to Rs 250 cr.

– For Feb’22 the platform registered 9.07 lakh new SIPs amounting to Rs 209 cr

MFDs:

Distributor network has seen a multi-fold increase to 72,254 (as on March 2022).

BSE StAR MF App (StAR MF Mobility) has processed over 56.79 lakh transactions since its launch, amounting to Rs. 20,321 crore as on Mar-22. 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 72,254 distributors in India