BSE's MF platform gets record 1.34 lakh orders today
Platform is a web-based transaction processing, fully automated online MF collection and settlement system.
By : DC Correspondent
Update: 2017-02-10 13:11 GMT
Mumbai: Leading stock exchange BSE's mutual fund platform today processed a record 1.34 lakh orders in a single day. Prior to this, the MF platform had hit the one lakh level on September 12, 2016.
"BSE StAR MF today received 1,34,271 orders from 522 members -- a record high," a BSE spokesperson said.
The 1.34 lakh orders placed amounted to Rs 270 crore in value terms. Currently, the BSE mutual fund platform has a total of 2,860 registered members.
BSE StAR MF was launched in December 2009 and is the largest mutual fund distributor platform in the country today.
The platform is a web-based transaction processing, fully automated online MF collection and settlement system.