BSE platform clocks Rs 50k cr MF deals

Leading stock exchange BSE recently said its mutual fund distribution platform has witnessed an over two-fold jump in number of transactions to 98 lakh with a total value of Rs 50,400 crore in first four months of the ongoing fiscal.

The platform -BSE StAR MF- had processed 37.71 lakh transactions amounting to Rs 33,190 crore in the April-July period of 2017-18, the exchange said. Currently, BSE StAR MF contributes over 26 per cent of total financial transactions.

“BSE StAR MF has experienced a growth of 154 per cent in first four months of financial year 2018-19 with over 97.73 lakh orders were process amounting to Rs 50,400 crore,” the exchange noted.  The exchange's platform has a distribution network of over 13,500 registered members and more than 2 lakh member associates on its network across the country.