BSE StAR MF processes over 81,000 orders in single day
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BSE StAR MF processes over 81,000 orders in single day


 PTI   
  • March 30, 2016  
  • |  
  • UPDATED   13:26 IST

Leading stock exchange BSEs mutual fund distribution platform BSE StAR MF today processed more than 81,000 orders worth Rs 270 crore, a record high for a day.

It has already processed over 32.65 lakh orders, amounting to over Rs 43,000 crore in the current financial year.

On March 23, the mutual fund platform received MF orders to the tune of Rs 1,048 crore.

"Today BSEs mutual fund distribution platform BSE StAR MF has processed more than 81,000 orders worth Rs 270 crore - a record high for a day," the exchange said in a statement.

Prior to this, the MF platform had executed over 72,000 orders on December 30, 2015.

Earlier this month, BSE announced a host of new services on its MF platform including digital non-demat transactions, round the clock order acceptance and six day order holding facility to help investors and distributors of such products.

In 2014, capital market regulator SEBI had allowed mutual fund distributors to use the stock exchange platform for non-demat transactions as well as for sale or redemption of these financial products.

The move was aimed at allowing mutual fund distributors to leverage the stock exchange platforms to expand their reach.