{"id":38103,"date":"2017-12-15T17:02:09","date_gmt":"2017-12-15T17:02:09","guid":{"rendered":"http:\/\/www.bnreport.com\/bse-star-mf-processes-1-crore-transactions-worth-rs-75000-crore\/"},"modified":"2017-12-15T17:02:09","modified_gmt":"2017-12-15T17:02:09","slug":"bse-star-mf-processes-1-crore-transactions-worth-rs-75000-crore","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/bse-star-mf-processes-1-crore-transactions-worth-rs-75000-crore\/","title":{"rendered":"BSE Star MF processes 1 crore transactions worth Rs 75,000 crore"},"content":{"rendered":"

Leading stock exchange BSE<\/a> today said its mutual fund<\/a> distribution platform has processed a record one crore transactions in the current fiscal, with a total value of over Rs 75,000 crore. <\/p>\n

The platform \u2014 BSE Star MF \u2014 has experienced a growth of over 500 per cent in the last two years, the exchange said in a statement. <\/p>\n

"Over last few years, BSE Star MF has changed the concept of mutual fund distribution<\/a> in India and provided comfort to investors along with convenience, safety, speed and certainty in execution," BSE Managing Director and CEO Ashishkumar Chauhan<\/a> said. <\/p>\n

"Our next focus will be to use the same highly compliant distribution network to distribute additional financial products such as insurance<\/a> in near future," he added. <\/p>\n

BSE had processed a record, over 2.91 lakh transactions, in a day on Monday. Last month, it had executed more than 1 lakh transactions per day on six occasions out of 21 trading days. <\/p>\n

BSE Star MF, on an average, is adding more than one lakh new systematic investment plans (SIPs) every month and processes nearly 10 lakh SIPs every month. <\/p>\n

More than 80 per cent of the transactions are in retail category, the platform now contributes over 50 per cent of net new inflows (lump sum and new SIPs) in equity schemes. <\/p>\n

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Original Article<\/a><\/p>\n

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The post BSE Star MF processes 1 crore transactions worth Rs 75,000 crore<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leading stock exchange BSE today said its mutual fund distri..<\/p>\n","protected":false},"author":1,"featured_media":38104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-38103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nBSE Star MF processes 1 crore transactions worth Rs 75,000 crore - Business News Report<\/title>\n<meta name=\"description\" content=\"Leading stock exchange BSE today said its mutual fund distri..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/bse-star-mf-processes-1-crore-transactions-worth-rs-75000-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BSE Star MF processes 1 crore transactions worth Rs 75,000 crore - 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