Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.55)

55. 

Who launched BSE StAR MF app to help mutual fund distributors to accelerate transactions process

[A]. BSE
[B]. NSE
[C]. Shenzhen Stock Exchange
[D]. Copenhagen Stock Exchange

Answer: Option A

Explanation:

BSE (Bombay Stock Exchange) notified that it has launched an app named 'BSE StAR MF' in order to enable more participation and aid mutual fund distributors to accelerate transactions process. 'BSE StAR MF' is BSE's mutual fund platform which helps distributors in purchasing and redeeming the mutual fund units on behalf of their clients. The 'BSE StAR MF' app that is downloaded from Google Play Store supports dynamic (real-time) client registration, digital transactions, creates and uploads mandate for SIPs (Systematic Investment Plans), generates multiple orders, tracks and permits the distributor in evaluating his business instantly.

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