BSE platform clocks Rs 50k cr MF deals
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. 

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