Categories: Business National

BSE mutual fund processes record 81,000 orders

Mumbai, March 28 (IANS) BSE StAR MF, the premier stock exchange's mutual fund online distribution platform, on Monday said that it processed a record 81,000 orders worth Rs.270 crore on March 23.

"The platform received a record mutual fund orders worth Rs.1,048 crore on March 23, which is unmatched by any similar platform," the fund said in a statement here.

The fund processed a whopping 32.65 lakh orders worth Rs.43,000 crore from April 15 to March 28 in 2015-16.

"Ours is the only platform in the industry with multiple modes of funds and mutual fund unit settlement in demat and non-demat form, with switch over facility," the statement added.

To ease transactions, BSE has introduced many features for enabling payments through all modes, including cheques, SMS and e-mail-based order authentication, access to multiple modes of its mutual fund platform, overnight investment framework and digital and real-time registration on the platform.

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