11,797.90-31.5
Stock Analysis, IPO, Mutual Funds, Bonds & More

BSE Star MF processes record 3.6 lakh transactions on Feb 12

BSE Star MF added 1.6 lakh new systematic investment plans (SIPs) in January 2018.

PTI|
Last Updated: Feb 14, 2018, 09.52 AM IST
0Comments
ThinkStock Photos
inflow
Tax Calculator
Leading exchange BSE today said its mutual fund distribution platform processed a record 3.6 lakh transactions yesterday, with a total value of Rs 750 crore.

The platform -- BSE Star MF -- has processed over one lakh transactions on eight occasions in February, the exchange said in a release.

BSE Star MF added 1.6 lakh new systematic investment plans (SIPs) in January 2018.

The platform "has processed a record 3.6 lakh transactions on a single day on 12th February 2018, Rs 750 crore worth of transactions," BSE said.

"BSE StAR MF has experienced an overall growth of over 565 per cent and in terms of SIPs registered on BSE StAR MF has experienced a growth of over 800 per cent in last two years for the same period.

"The BSE StAR MF exchange infrastructure is predominately catering to retail category of mutual funds industry i.e. 99.73 per cent in terms of transactions and over 76 per cent in terms of value of transactions," the exchange said.

Also Read

UTI MF sidepockets exposure to Vodafone Idea

TDS on MF dividends at 10%, clarifies government

Why IDFC MF's Anoop Bhaskar is positive on smallcaps

Franklin Templeton MF sidepockets exposure to Vodafone Idea

Suit the debt MF to your risk appetite

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service