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.
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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.
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In addition, the platform registered 9.16 lakh new systematic investment plans (SIPs) worth Rs 208.55 crore in October, the exchange said.
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Exchange was launched BSE StAR MF App to help distributors and independent financial advisors to register clients on real time basis.
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