BSE StAR MF distribution platform is now the largest distribution framework for Indian Mutual Fund, and today attains a remarkable trading volume of Rs 282 crore on a single day.
Commenting on the development, Shri Ashishkumar Chauhan, MD & CEO, BSE said, "We are delighted to have reached this milestone. We believe BSE StAR MF has the potential to completely change the distribution framework of Indian MF industry by reducing the cost and increasing the predictability of processes. Due to the same, almost the entire MF industry has supported the BSE StAR MF platform".
BSE StAR MF is a web-based transaction processing, fully automated online MF collection and settlement system. It is highly flexible electronic order platform which is easy and simple to use. This platform is very popular among brokers which account for more than 80% market share. Only AMFI registered ARN holders can transact on BSE StAR MF platform. The investor gets full service from single broker and he/she can view all his/her investments in one single location electronically with same demat account as that for equity shares.