Continuing its stellar performance, BSE StAR MF, India's largest and leading Mutual Funds Distributor platform created an all new record.
In October, BSE StAR MF set another record registering 76.74 lakh transactions worth Rs. 22,828 Cr. In spite of the nationwide pandemic and lockdown BSE StAR MF has helped AMCs, members and their clients in smooth paperless transactions. The former highest monthly transactions 73.34 lakh was achieved in Aug 2020 with value of Rs. 25,128 Cr. Overall, the platform achieved 83% of the transaction within 7 months which is 4.76 Cr. during FY 20-21(Apr-Oct) as compared to 5.75 Cr. transactions during FY 19-20.
Some of the Key Highlights are:
Turnover:
· For Oct ‘20 it was Rs. 22,828 Cr. compared to Rs. 14,672 Cr. on Oct’19, a significant growth of 56%
· For Oct ’20 it was Rs. 22,828 Cr. compared to Rs. 24,493 Cr. on Sep ’20 a decline by 7%
· For Sep ’20 it was Rs. 24,493 Cr. compared to Rs. 16,674 Cr. on Sep ’19, a growth of 47%
· Turnover for Q2 FY 20-21 was Rs. 75,531 Cr as compared to Rs. 48,942 Cr for Q2 FY 19-20, an excellent increase by 54 %
Net Equity Inflow:
· For Oct ’20 it was Rs. 1,033 Cr compared to Rs. 1,448 Cr for Sep ’20, a drop by -31% but continue to post positive equity net inflow
· For Oct ’20 it was Rs. 1,033 Cr compared to Rs. 792 Cr for Oct ’19, a growth of 30%
· Net Equity inflow during Q2 of FY 20-21 is Rs.2,808 Cr compared to Rs. 4,497 Cr for Q2 FY 19-20 a decline of 38%
Transactions:
· For Oct ’20 it was 76.74 lakh an increase of 7% as compared to 71.93 lakh for Sep’20
· For Oct ’20 it was 76.74 lakh as compared to 46.67 lakh for Oct ’19, incredible growth of 64%
· For Sep ’20 it was 71.93 lakh a significant increase by 68% as compared to 42.91 lakh Sep ’19.
· Transactions during Q2 of FY 20-21 was 2.14 Cr as compared to 1.28 Cr during Q2 of FY 19-20, a tremendous growth by 67%.
SIP Book Size:
· Total StAR MF’s SIP book size is 55.68 lakh as on date.
· For Oct ’20 the platform registered 2.94 lakh new SIPs amounting to Rs. 74.49 Cr.
· For Sep ’20 the platform registered 3.73 lakh new SIPs amounting to Rs. 85.63 Cr.
IFA’s:
· Distributor count has seen multi-fold increase to 68,583
BSE StAR MF App (StAR MF Mobility) has processed over 10.56 lakh transactions since its launch, amounting to Rs 6,992 Cr. The app was launched to help distributors and IFAs (Independent Financial Advisors) 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 over 68,583 registered distributors in India.
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