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Say Goodbye to Mutual Funds Application Forms

Presenting BSE StAR MF - a smarter trading platform for the smart Mutual Fund Distributors.
Enjoy greater control and absolute PEACE of mind.

SIMPLE, EASY and CONVENIENT !

SAVE COST:
By Leveraging WORLD CLASS BSE Limited Technology Infrastructure;
By elimination of Paperwork and Reduction in ADMINISTRATIVE costs!

INCREASE BUSINESS:
By offering MORE Products on a SINGLE PLATFORM
By Saving time and Concentration on Business Development (NEW Client Acquisition)

INCREASE CLIENT SATISFACTION: By offering Investments at Clients CONVENIENCE ( via Telephones /


Computers / PDAs)

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HOW?

Avail BSE StAR MF browser based automated online order collection system, web based
platform, access the platform anytime, ANYWHERE.
Facility for one-time registration of client : Real time client activation , Instant Trading with
ONE time CLIENT Registration

Redemption / Subscription (Normal / SIP/ X-SIP / Switch /Overnight Investments


Framework) from SINGLE screen Existing Schemes as well as NFO!
Feature-rich and highly flexible electronic order platform, facility for Manual entries as
well as Bulk uploads.

Facility of Branch, Dealer creation & Client level limit allocation : in-built risk management

Relevant report management features for BO and MIS

BSE StAR MF is configured to accept and process applications for Mutual Fund units in
both Physical and Demat form
Handles schemes of various TATs Up to T+8 Settlement , 40 AMCs with over 9000
schemes covering 99 % of Industry AUM
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BSE StAR MF platform At a Glance!

Indias leading mutual fund distribution platform


BSE StAR MF is a web-based transaction processing system that can be accessed anytime
and anywhere and enabled for Intra AMC switches , DPC , NRI transactions , Minor
Transactions and unique X-SIP & Overnight Investments.

M-Share 90% ( FY16-17 ( 1 April 2016 to 15th June 2016 )) , Over 4,00,000 SIPs/XSIPs
registered , adding over 20000 New SIPs per Month

StAR MF Platform, FY 15-16i .e 1st April 2015 31st March, 2016 Over 32.80 Lakh orders
aggregating to Rs 44,250 Crs has been processed .

Current Financial year FY-16-17 in 2 and half months received MF orders of over 16,185 Crs.

100 % digital transaction mode , eliminating paper work from MF segment.

X-SIP Facility with First order today flexibility , enabling BSE StAR MF members
to start systematic investment plans (SIP) within couple of minutes instead of waiting for a
month!

Connectivity Multi mode of Platform access ; a) Web browser with CO-BRANDING Facility
, b) APIs over leased Lines c) WEB Services - APIs over Internet

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Transaction Highlights : Volume - Avg. Daily ( Rs. Crs)

350
324
300

250

200
184

150

100

50
43 38
32
17 23
11 14
- 6
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17*
BSE 17 23 43 184 324
Other Exch. 6 11 14 32 38

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Transaction Highlights : Avg. Daily Orders

20,000

18,000 18,190

16,000

14,000
12,870
12,000

10,000

8,000
6,588
6,000 5,653
4,000
3,475
2,000 2,319
1,709
1,113
817 932
-
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17*
BSE 1,113 2,319 6,588 12,870 18,190
Other Exch. 817 932 1,709 3,475 5,653

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24X7 order acceptance.
Subscription
Scheme Amount Order Entry Payment Receipt ( by any mode)

1:00 pm for T-1 day NAV ( Historical Credit confirmation By 1:00 pm on T


Liquid NAV) & day for T-1 day NAV ( Historical
NAV)) &

24X7 : 3:00 pm ( T day) to 9:00 am on Credit confirmation After 1:00 pm -


Any amount (T+1) with NEXT day Settlement NEXT Day Settlement
2:00 pm for Same Day NAV &
Credit confirmation By 2:00 pm on T
day for Same Day NAV &

Non Liquid 24X7 : 3:00 pm ( T day) to 9:00 am on Credit confirmation After 2:00 pm -
INR 2 lac and above (T+1) with NEXT day Settlement NEXT Day Settlement
Credit confirmation By 9:30 am on
3:00 pm for Same Day NAV T+1 for Normal (T day NAV)

24X7 : 3:00 pm ( T day) to 9:00 am on Credit confirmation After 9:30


Less than INR 2 lac (T+1) with NEXT day Settlement am on T+1 - NEXT Day Settlement

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Purchase Transaction : Email / SMS Intimation to Client
Email Text

Dear Sir/Madam,

MF Subscription Order has been received for value 1000.00.

Kindly make the payment via any one of the mode convenient to you;

a) Online Order Payment Confirmation Link (you will receive after this mail)

b) NEFT / RTGS to
1) ICICI Bank: ICCL A/c No 3922, IFSC Code ICIC0000104
OR
2) HDFC Bank: ICCL A/c No. MFDICC, IFSC code HDFC0000240

c) Cheque Collection Centres ( for details contact your member )

Kindly ignore if already paid.

Thanks and Regards,

BSE StAR MF Team

SMS Text
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MF Order received Rs 1000 Pay to ICCL via any mode (refer email for details) convenient to you -BSE StAR MF
Purchase Transaction : Online Payment Link
Dear ( Investor Name ),

Greetings from BSEs Mutual Fund platform, BSE StAR MF - Indias largest MF platform.

(Member Name) has submitted electronically MF application through BSE StAR MF Platform on your behalf.
Please click the link below for verifying the transactions and making the payment , kindly ignore if already paid.

Check Orders and Make Payment

If you are not able to open the above link,please copy and paste the below text in your browser
https://www.bsestarmf.in/ClientOrderPayment.aspx?RO91/r0NPAfcmf2I0uhxlcSvRlpLvhNGOVdQhavm4FSPZ1onu9vq9tpKsG5P
+llUDYAW8IJcNtA=

Mutual Fund Investments are subject to market risks. Please read the Scheme Information Document carefully before
investing.
You may also contact us at mutual.funds@bseinindia.com for any further information that you may require

Thanks and Regards,

BSE Limited!
Come invest in MF on BSE!
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Online Payment Option

Payment Gateway
Direct Mode
Nodal Mode
One Time Mandate
NEFT RTGS

Client can select Direct Pay (Here we have 7 banks where funds get transfer on real time) : If your bank which is in the UCC comes
under direct mode than your bank will be visible there) Select the orders also it will show you one consolidation amount and take
you further to your bank.
Information on Mode of Payments on Online Payment Link Page

Note : If you are not able to view your bank in either Direct Pay / Nodal Pay / One Time Mandate , you can pay vai :
a) NEFT / RTGS ( refer to your sms received form BSE) OR b) Cheques , for details contact your member
or write to mutual.funds@bseindia.com

Credit Confirmation: a) Direct Pay Credit of funds to ICCL is on Real Time,


b) Nodal Pay - Credit of funds to ICCL is on T+1 or T+2,
c) One Time Mandate - Credit of funds to ICCL is on T+2 till T+5,
d) NEFT /RTGS - Credit of funds to ICCL is on T or T+1 (depending upon the NEFT / RTGS clearing cycle and cut-off of
your bank),
e) Cheques - Credit of funds to ICCL is on T+2 till T+5

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Payment Gateways Direct & Nodal

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Online Payment OTM & NEFT/RTGS

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NEFT / RTGS Bank Details
1) ICICI Bank: ICCL A/c No. 3922, IFSC Code ICIC0000104
OR
2) HDFC Bank: ICCL A/c No. MFDICC, IFSC code HDFC0000240

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20160603-13

Provision to choose NEFT / RTGS mode and enter UTR in Online payment services on BSE StAR MF Platfrom ,
earlier Payment gateways - Direct mode , Payment gateways - Nodal Mode , One Time Mandate modes were enabled in
the Online Order Payment Confirmation services. ( Shown Below)

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Cheque Collection Process and Details
On successful submission of the transaction, MFDs/MFD's clients shall submit the instrument to the nearest KARVY / BSE StAR
MF Service Centers by MANDATORILY providing ( on the back of the Cheque)
a) Order number/s (all orders for which the Cheque is being submitted)
b) Member code
c) Client code

Before 9:30 a.m. on T + 1 day. However to avoid any inconvenience on T + 1 day, it is strongly recommended to submit the
instrument by 6:30 p.m. on T day itself

The Instrument collected may be single instrument across the investments made in multiple schemes/AMCs or multiple
instruments

The Cheque is to be submitted from the Investors bank account registered in the UCC on BSE StAR MF platform favoring
"Indian Clearing Corporation Ltd.

MFDs/MFD's clients to ensure that the subscription order/s amount matches with the Cheque amount. If the total amount of
the order/s placed on BSE StAR MF platform does not match with the Cheque amount, the official in the BSE Service Centre
will return the Cheque to the investor.

The official present in the BSE Service Centre will verify the Cheque submitted by the Investor against the order/s placed on
BSE STAR MF platform, if found in order, will give the acknowledgement copy to the investor/person coming to deposit the
Cheque.

If the payment is not initiated till T+1 day 9:30 am, for the orders placed on BSE StAR MF platform, then all such orders shall
be auto cancelled by the system

Collection Centers Address Link http://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20160506-


15&attachedId=c9f9e683-3275-4373-b791-2a871c39c35b

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Redemption / Switch order and Authentication via SMS
Redemption / Switch SMS Authentication;

The text will be as below; field in blue ( as per the order specification) will be dynamic , rest will be static.

Redemption order 540986 in XYZ TOP 200 FUND - GROWTH OPTION placed on 26 FEB 2016 for amount
or units amount/units/All unit;
To confirm reply YES refno or NO refno on 9900094472 BSE StAR MF

Switch order 540986 in XYZ TOP 200 FUND - GROWTH OPTION placed on 26 FEB 2016 for amount or
units amount/units/All unit
To confirm reply YES refno or NO refno on 9900094472 BSE StAR MF

For operational ease; Number 9900094472 can be saved as BSE StAR MF platform number , so that
Investors can select the reference number ( refno field) from the in coming message as shown above from
sender IM-STARMF and reply , YES refno or NO refno on 9900094472

If the response is not received by 3:10 p.m. the system will auto reject such redemption transactions.

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Redemption / Switch Transaction : Email Message to Client for Authentication

Redemption / Switch order 6626995 in HDFC TOP 200 FUND - GROWTH OPTION placed on 05 May 2016 for All Units.

To confirm reply YES 050500022 or NO 050500022 on 9900094472 BSE StAR MF

YES 050500022 (Please dont forget to have space between YES and refno)
NO 050500022 (Please dont forget to have space between NO and refno)

Alternatively ,
Please click the link below for authenticating the transactions, kindly ignore if already authenticated via SMS.
Online Authentication

If you are not able to open the above link, please copy and paste the below text in your browser
https://www.bsestarmf.in/RedemptionOrder.aspx?RO91/r0NPAfcmf2I0uhxlcSvRlpLvhNGOVdQhavm4FSPZ1onu9vq9tpKsG5P+
llUDYAW8IJcNtA=

Mutual Fund Investments are subject to market risks. Please read the Scheme Information Document carefully before
investing.
You may also contact us at mutual.funds@bseinindia.com for any further information that you may require

Thanks and Regards,

BSE Limited!
Come invest in MF on BSE!
Redemption / Switch order and Authentication via Email
Alternatively ,
Please click the link below for authenticating the transactions, kindly ignore if already authenticated via SMS.
Online Authentication

If you are not able to open the above link, please copy and paste the below text in your browser
https://www.bsestarmf.in/RedemptionOrder.aspx?RO91/r0NPAfcmf2I0uhxlcSvRlpLvhNGOVdQhavm4FSPZ1onu9vq9tpKsG5P+
llUDYAW8IJcNtA=

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Management and monitoring Reports
To Enhance the transaction management and monitoring , 2 reports have been added to the BSE StAR
MF,member admin (applicable to MFD member in non demat mode only)

1. View redemption / switch order SMS log under Daily Download>>New Reports>> Redemption Order SMS Log
Details

In SMS log report members can view Order details , Client Mobile no. on which sms is sent and also the reply status
( please ensure clients respond before 3:10 pm on transaction day, else order will get rejected )

2. View online payment (Payment Gateways / OTM) email Log under Daily Download>>New Reports>> Payment
Gateways Email Log

In Payment Gateways report members can view Order No , Client Email id on which email is sent and also the time of 19

mail sent ( please ensure clients respond before 9:30 am on transaction day + 1, else order will get rejected )
Advantage MFD Mode

Particulars BSE StAR MF Other Platform

Deposit NIL Deposits Required


Real time client activation and digital Other Exchange takes 7 days for client
Client Activation documentation activation along with Physical documents
Client portability NO YES
Direct Pay - PG YES , real time credit NO, only Nodal Pay , Credit on T+1
OTM Yes NO
Overnight Investments Yes NO
Order Holding Period T+5 , T day NAV T+1
YES , client always gets the mode of payment
option to choose to pay via NEFT / RTGS /PG-
Flexibility / Choice of mode of Direct / PG-Nodal / OTM / Cheques , AFTER Mode of payment to be decided at the time of
payment post order placement* order placement order placement itself.

SIP with first order today facility YES NO

Connectivity Web , IML , Web Services Only Web


Only Cheque is required to be deposited , order Deposit slip print out required to deposit
no , client code and member code to be Cheques , many clients /MFDs may not have
Cheque collection mentioned on the back of Cheque access to printer available at all time

*The flexibility is to the extend that if there are 5 orders on a day the investor can choose pay ;
- 1 order via cheque , - 1 order via payment gateway 1, order via OTM , - 1 order via NEFT / RTGS , 1 via any of 20
the above mode of choose OR all 5 via any ONE of mode only... and all this on click of a button
Auto Filled AOF
Auto Filled AOF : Provision to download Auto Filled Account Opening Form (AOF) in
pdf format ( Shown Below)

Available under Member Admin Login >> Under ADMIN Menu :- Enter Client code and
download

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Image Upload
Online Image upload facility , system automatically creates relevant files for all RTA ( Shown Below)

Available under Member Admin Login >> Under ADMIN Menu : Select Type UCC and Enter Client Code , Client Name
and PAN will be auto populated , then upload the tiff image in finale name FORMAT
: MemberCodeClientcodeDDMMYYYY

i.e , if Member code is 10000 ( Shown Below in Blue color)

Client code is 123456 ( Shown Below in Brown color)


Date is 3rd June 2016 ( Shown Below in Red color)

Then the tiff file name should be 1000012345603062016.tif

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BSE StAR MF ( Subscription Process )

MFI - Member Broker of Exchange ( MFD - Limited Membership / IFA ( Operational


Particulars
Operational From 2009) from 2014)

Demat Non Demat / Physical Demat Non Demat / Physical

MFI to ensure the client is


KYC performed by DP KYC performed by DP MFD to ensure the client is
UCC Registration- KYC/KRA Compliant before
would would KYC/KRA Compliant before UCC
(Real-time UCC UCC Registration along
I be considered be considered Registration along with AOF
creation and with AOF* and Cancelled
compliance by mutual compliance by mutual and Cancelled Cheque (ONE
completely digital) Cheque (ONE TIME in
funds /AMCs. funds /AMCs. TIME in scanned mode)
scanned mode)

Place Order in BSE Place Order in BSE Place Order in BSE


ORDER Place Order in BSE Platform
II Platform with Demat Platform with Physical Platform with Demat
PLACEMENT with Physical Settlement
Settlement Settlement Settlement

Through Members
Through Members
Settlement A/c. , Client to pay directly to Client to pay directly to ICCL
III PAY-IN OF FUNDS Settlement A/c. , similar to
similar to secondary ICCL Pool A/c. Pool A/c.
secondary markets
markets
Through Members
Client/Investor receives
Settlement A/c. , ICCL to pay directly to Client/Investor receives the
IV PAY-OUT OF UNITS the Statement of Account
similar to secondary Client's A/c. Statement of Account from RTA
from RTA
markets

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BSE StAR MF ( Redemption Process )

MFI - Member Broker of Exchange ( MFD - Limited Membership / IFA ( Operational


Particulars
Operational From 2009) from 2014)

Demat Non Demat / Physical Demat Non Demat / Physical

Place Order in BSE Place Order in BSE Place Order in BSE Place Order in BSE
ORDER
V Platform with Platform with Physical Platform with Demat Platform with Physical
PLACEMENT
Demat Settlement Settlement Settlement Settlement
Client to transfer
PAY-IN OF Client to transfer units
VI units to ICCL Pool NA NA
UNITS to ICCL Pool A/c.
A/c.
RTA to transfer funds
RTA to transfer funds
PAY-OUT OF Through Members Through Members to ICCL, ICCL to
VII directly to
FUNDS Pool A/c. Pool A/c. transfer directly to
client/investor account
client/investor account

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Latest offering on BSE StAR MF Platform
BSE Ltd.
Alternative Investment avenue
What is Overnight Investments framework on BSE StAR MF Platform?
Overnight Investment framework facilitates BSE StAR MF Registered Investors:
To route idle monies as overnight investments, monies can be invested even for a single
day i.e. overnight.
As an alternative investment avenue for idle monies with Investors by investing in MF
Liquid Schemes for better returns and relatively lowers risk.
Digital transaction - no paper work - other than initial documentation - which can be
scanned to the exchange
Done in non demat mode
Subscription and redemption can happen simultaneously on the same day
No additional costs of investing

This will facilitate MF Distributors:


To route idle monies as overnight investments,
As an alternative investment avenue for idle monies with Investors by investing in MF
Liquid Schemes for better returns and relatively lowers risk.

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BSE Overnight Investments vs Other Similar Offering

Particulars BSE Overnight Investment Other Similar Offering

Type of Members allowed Both MFIs / Broker member & MFDs / Only MFIs / Broker member
IFAs
Mode of Transaction Digital - Paperless Physical - Every Transaction

Redemption Option Flexibility Yes , All units as well as desired Compulsory All units
Amount
Date of Redemption flexibility Anytime from same day to 30 calendar Compulsory same day
days
Ease of Execution Available in same login of BSE StAR MF Separate platform and login

Cut-off for receipt of transaction slip Not Applicable , no such requirement by 2:00 pm , else orders gets rejected

Risk Management ( Normal / Overnight) Composite , same platform separate , separate platforms

Risk of Existing Holdings getting redeemed No , Amount option is given in Yes, All units including earlier holdings if
Overnight Window any in the same folio and same scheme.

Inbuilt Intelligence to populate folio no in YES NO


the second leg ( redemptions) for fresh
Orders
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Please contact us at mutual.funds@bseindia.com we shall be glad to help you.

StAR MF url : www.bsestarmf.in

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