BSE Star MF registered a stellar performance for the financial year FY22. BSE backed mutual fund distribution platform contributed 81,350 crore as net equity inflows for FY 2012, 49% of the mutual fund industry’s net equity inflows 1,64,404 crores. In the fourth quarter of FY22, inflows almost tripled on a year-on-year basis.
In the fourth quarter (January-March 2022), the platform posted a net equity inflow of Huge increase of 173% from 22,068 crores 8,079 crore in the same quarter last year.
BSE highlighted in a statement that BSE Star MF Over 1.96 crore transactions processed 42,976 crore in March 2022. It said, “Despite the nationwide pandemic and lockdown, BSE Star MF has helped AMCs, members and their customers in smooth paperless transactions.
In Q4FY22, the transactions stood at 5.65 crores versus 2.95 crores in the previous year’s Q4, registering a growth of 92%. Overall, the platform achieved 18.47 crore transactions in FY 2012, an increase of 97% from 9.38 crore recorded in FY 2011.
In addition, Star MF has a total active SIP book size of 1.20 crores as of March 2022. Meanwhile, the annual turnover is 4,54,023 crore for the financial year.
The distributor network of the platform has grown manifold to 72,252 (as of March 2022).
In addition, the Star MF App (Star MF Mobility) has processed over 56.79 lakh transactions since its launch, amounting to Rs. 20,321 crore by March 2022. The app was launched to help mutual fund distributors to register customers and execute paperless transactions on a real-time basis. Owing to BSE Star MF’s superior support system and distribution reach, the platform has grown exponentially with a network of over 72,252 distributors in India.
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