BSE StARMF now accounts for 20 percent of all MF transactions and 40 percent of all new subscribers to the MF industry.
The Bombay Stock Exchange’s online mutual Fund platform-BSE StARMF has executed 42.6 lakh transactions in April, according to a press release from Asia's oldest exchange.
According to estimates, BSE StARMF now accounts for 20 percent of all MF transactions and 40 percent of all new subscribers to MF industry.
Ashish Chauhan, Chief Executive Officer, BSE said, "BSE StAR MF has seen more than 100 percent year on year growth every year for last 10 years consistently."
He added that it is a testimony to BSE's ability to harness capital formation in India and help investors grow their wealth instead of indulging in day trading and speculation.The BSE had launched its BSE StAR MF platform on December 4, 2009.Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.