Mumbai: BSE StAR Mutual Fund the largest online mutual fund distribution platform in India with a strong distribution network of over 5200 direct members including National Distributors having more then 2,00,000 Business Associates.
In the recently concluded government of India’s divestment through Bharat -22 ETF NFO , managed by ICICI Prudential Mutual Fund , BSE’s e-platforms ( BSE StAR MF and BSE BiMF ) garnered Rs. 4,630.60 crs contributed by 1,12,780 applications , predominately in retail category.
BSE StAR MF witnessed a growth over Year on Year basis in orders to Rs. 65.5 lac in FY 16-17 from Rs. 33 lacs in FY 15-16. In terms of value, it has grown to Rs. 75,000 crs in FY 16-17 from Rs. 44,000 Crs in FY 15-16. BSE StAR MF has become the largest distribution platform for Mutual Funds in India in 2016-17. Over 86.5 lakh orders processed aggregating to Rs. 62,157 Crs on BSE StAR MF Platform till 20th November of FY 17-18 which is close to 20% of the total Mutual Fund buying in India.
This distribution network has on BSE StAR MF are adding over 1 lakh NEW SIPs per month and have access to 3.66 cr UCC on BSE as of November 2017.
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