BSE StAR MF crosses turnover of Rs 282 crore

Mumbai: After registering a record high turnover of equity derivatives, BSE Ltd, the premier stock exchange on June 26 said its BSE StAR MF distribution platform has become the largest distribution framework for Indian mutual fund.

BSE StAR MF on June 26 crossed turnover of Rs 282 crore on a single day, exchange said in a statement here. Commenting on the development, Ashishkumar Chauhan, MD & CEO, BSE said, "We have reached this milestone and we believe BSE StAR MF has the potential to completely change the distribution framework of Indian MF industry by reducing the cost and increasing the predictability of processes. Due to the same, almost the entire MF industry has supported the BSE StAR MF platform." BSE StAR MF is a web-based transaction processing, fully automated online MF collection and settlement system.