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31 March
2017
The
BSE StAR MF distribution platform, the largest distribution framework for
Indian mutual fund (MF), has received nearly million orders in a single month
of March 2017, says the bourse.
"Total
value of these orders is over Rs15,000 crore and the platform received orders
of over Rs1 lakh in a single day on 10th, 15 & 27 March 2017," BSE
said in a release.
Commenting
on the development, Ashishkumar Chauhan, MD & CEO, BSE said, "The
platform has seen tremendous growth since inception and has been progressing
Year on Year. Due to its unique features, we see more and more members joining
the platform. We are certain that BSE StAR MF will revolutionize the framework
the of Indian mutual fund industry."
BSE
StAR MF witnessed a growth in orders to Rs65.5 lakh in FY16-17 from Rs33 lakh
in FY15-16. In terms of value, it has grown to Rs75,000 crore in FY16-17 from
Rs44,000 crore in FY15-16. The Total
Investment & Insurance Solutions
BSE
StAR MF has become the largest distribution platform for Mutual Funds in India
in 2016-17. At present, there are 3,400 registered members and around 1,350
members have actively participated.The Total
Investment & Insurance Solutions
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