BSE MF sees record orders; 24x7 order acceptance from Jan

Stock exchange BSE's mutual fund distribution platform BSE StAR MF today executed more than 72,000 orders worth Rs 161 crore -- a record high for a day.
Besides, to ease transactions for mutual fund investors, BSE will next month introduce round the clock order acceptance facility along with multiple mode of payments including NEFT/ RTGS, payment gateways, cheques through BSE collection centres and one time mandate (OTM).
"BSE StAR MF executed over 72,000 orders on a single day worth 161 crore," the exchange said in a statement.
Prior to this, the MF platform had executed over 63,000 orders on September 28, 2015.

Overall, about 22.11 lakh orders worth Rs 35,000 crore have been executed on the platform so far in 2015-16.
In comparison, 10 lakh orders worth Rs 7,480 crore were processed in the same period year-ago.
Meanwhile, BSE also said it will be introducing 24X7 order acceptance along with multiple mode of payments including NEFT/RTGS, payment gateways, cheques through BSE collection centres and OTM, in the first month of 2016.