About BSE STAR MF

What is BSE STAR MF ?

Table of Contents

About BSE STAR MF

BSE STAR MF is a Mutual Fund trading platform of Bombay Stock Exchange (BSE). In simple terms, it is just like  BSE  & NSE stock exchanges(trading platforms) where we trade(buy & sell)  in securities (stocks/shares) though in technical terms it is a bit different

BSE STAR MF is a single window through which you can do multiple type of transactions related to your Mutual Fund investment such as :

  • Purchase(buy ) any Mutual Fund Scheme
  • Redeem(sell) any Mutual Fund Scheme
  • Invest in ”Systematic Investment Plan”(SIP)
  • Cancel your existing ”Systematic Investment Plan”(SIP)
  • Invest in Overnight Funds called ”Spread Order”
  • You can do ”Systematic Transfer Plan” (STP)
  • You can do ‘‘Systematic Withdrawal Plan”(SWP)
  • Registration On Spot (Online) 
  • No dependency on broker (Self Managed)
  • Single Window to transact all Mutual Fund Schemes
  • Zero balance account
  • No upfront brokerage/fees on any transaction
  • No limitation on number of transactions
  • Invest as low as Rs.500/- in Mutual Fund Scheme
  • Option to Invest for a day and earn using ”Spread Order”
  • DEMAT Account not mandatory
  • 24/7 order placement
  • Paperless transactions
  • Trust and Reliability of BSE India
  • Simple online Forms for various transactions

You can register with  BSE STAR MF in 4 simple Steps

Step 1 : Fill the online registration form below   

Step 2 : Download ”Account opening Form” & ”NACH Mandate Form” by clicking the respective buttons below

Step 3 :Take the Print out of the forms downloaded in Step 2 above,  sign the forms and scan them in PDF format. (Note : Do not fill any fields except your signature at the bottom of the page on both the forms)

Step 4 : Upload the following documents by clicking the URL button below.  (a) Account Opening Form (b) ”Nach Mandate Form” (c) Pancard (d) Copy of saving’s account cheque.    (Note : You will be prompted for Google sign in to access the link. If you don’t have google ID then you mail the above mentioned documents to mutualfund.bsestarmf@financialhelpdesk.in)

  1. Log-in URL :  https://www.bsestarmf.in 
  2. When you click on url link above, following page will open 
  3.  Log-in credentials for the page above :                        Username :  It is your PAN Card Number in CAPS        Member ID : 14816                                                                  Password : Its your PAN Card Number in CAPS.  You are          advised to change the Password on your first log-in 
  1. Client Code : It is like the account number of  BSE STAR MF. Its processed and shared with client by ”Financial Helpdesk”
  2. User Name : Its nothing but your ”Client Code’
  3. Asset Management Company(AMC) : Its a Mutual Fund Company/firm in whose Mutual Fund schemes we invest
  4. AMC Code : Each ”Asset Management Company” has its respective code. It is required at the time of Purchase & Sale of units of Mutual Fund Scheme
  5. Scheme Code : Each Mutual Fund Scheme has its code. It is required at the time of Purchase & Sale of units of Mutual Fund Scheme
  6. Folio Number : When you purchase a mutual fund, you are assigned a “folio” number by the mutual fund company (also called AMC or asset management company). This is like a account number with that particular AMC. Any subsequent fund you buy from the same AMC, be it same scheme or different scheme, you can use the same folio number
  7. NACH Mandate & Mandate ID : ”NACH Mandate” is customer’s authorization to BSE STAR MF to debit or credit the account electronically. You can relate it to erstwhile ECS. As a result of this if you go for SIP, the SIP amount gets debited from your account. There is a ”NACH Mandate Form” which customer has to sign. Upon successful registration of Mandate, the customer is issued a ”Mandate ID”.  
  8. SIP ID : If you wish to invest in SIP then first you have to register SIP on BSE STAR MF portal. Once you register SIP, SIP ID is created. This SIP ID may be required if you wish to cancel the respective SIP any time

How to Purchase units of a Mutual Fund Scheme ?

You have the choice to  read the text below or  watch the video or refer both for the subject : How to purchase units of a Mutual Fund Scheme ?

  1. Before you set out to invest in Mutual Fund say in ELSS Mutual Fund, first and foremost identify the scheme you wish to invest into. You can click on the link to identify & compare the mutual fund basis their performance . Click here to compare ELSS Funds 
  2. Log on to BSE STAR MF URL  : https://www.bsestarmf.in 
  3. Enter your log-in credentials and submit (a) Username is your Pan number (b) Member ID is 14816,(c) Password is your PAN number
  4.  OTP box will open up on the screen. Enter the OTP received on your registered mobile number and press ”Submit OTP”
  5. BSE STAR MF Home page will open up
  6.  Click ”Open MF” in the top menu bar of the home screen
  7. The ”Scheme Watch” page will open up
  8. Fill the following fields (a) Scheme Type : Select ELSS from the drop down list > (b) AMC Name : Select AMC NAME  of  your choice from the drop down list > (c) ”Option Type : Select ”Others” from the drop down list > (d) Click on  View
  9. The list of schemes will be displayed (this may be a bit confusing to you as you may see multiple schemes listed but all have the same scheme name. While the scheme names are same but they differ on 3 things (a) Scheme Code ie SCH CODE  : few scheme code may be with L1 in it & few may be without L1 (b) Purchase Flag ie PUR FLAG: It could be Y or N (c)Purchase Transaction mode ie PUR TRANS MODE : It could be DP or D or P
  10. Click on Purchase against the scheme you wish to invest    (Note: Three things you have to ensure before you click on Purchase (1) PUR FLAG (PURCHASE FLAG) :Make sure the PUR FLAG of the scheme selected is ”y” (2) SCH Code (Scheme Code) : If the Purchase value is  2 lacs & above then select the scheme which has L1 in SCH Code. If the investment is less than 2 lacs then select the scheme which does’nt have L1 in SCH Code   (3) PUR TRANS MODE (Purchase Transaction mode) : It has to be DP OR P)
  11. After you click on Purchase against the scheme you wish to invest, Purchase window will open up
  12. Fill the following Fields (a) ”Txn Type” : Select Fresh or additional as the case may be (b)Folio No. : you have to enter only if ”Txn Type” selected is ”Additional” otherwise leave it blank (c)Demat/Physical: Select Physical from the drop down (d) Amount : Enter the amount you wish to invest (e) Click on Purchase
  13. You will see the order confirmation message at the bottom of the screen
  14. You will get authorization & payment link on your mobile and email
  15. Click on the link , authorize the transaction and make the payment
  16. Your units will be purchased and you will get the email confirmation from BSE STAR MF and the respective Mutual Fund

How to purchase units of a Mutual Fund Scheme ? (Video)

How to Redeem units of a Mutual Fund Scheme ?

You have the choice to  read the text below or  watch the video or refer both for the subject : How to redeem units of a Mutual Fund Scheme ?

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How to create SIP of a Mutual Fund Scheme ?

You have the choice to  read the text below or  watch the video or refer both for the subject : How to create SIP of a Mutual Fund Scheme ?

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How to place a Spread Order of a Mutual Fund Scheme ?

You have the choice to  read the text below or  watch the video or refer both for the subject : How to place a Spread Order of a Mutual Fund Scheme ?

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How to place a SWP Order ?

You have the choice to  read the text below or  watch the video or refer both for the subject : How to place a SWP Order ?

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How to place a STP Order ?

You have the choice to  read the text below or  watch the video or refer both for the subject : How to place a STP Order ?

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Introduction to BSE STAR MF

Various Payment Modes available on BSE StAR MF

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