Major stock exchange BSE has said that its mutual fund distribution platform Star MF has processed a record 1.6 crore transactions 42,927 crore in October.

In a statement, the exchange said it surpassed its all-time high monthly record of 152 crore transactions achieved in September.

Overall, the platform achieved 9.4 crore transactions in the first seven months (April-October) of the current financial year as compared to 9.38 crore in the entire 2020-21.

In addition, the platform registered 9.16 lakh new systematic investment plans (SIPs) worth Rs 208.55 crore in October, the exchange said.

Exchange was launched BSE StAR MF App to help distributors and independent financial advisors to register clients on real time basis.

Spread the love