Bombay Stock Exchange’s (BSE) mutual fund distribution platform StAR MF has signed a Memorandum of Understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society, Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors. Established in 2013, GUMCCSL is an autonomous association of people united voluntarily to meet their mutually social, economical, cultural, professional and personal aspirations.
Initially a venture of middle class; presently GUMCCSL covers a Lion’s share in almost Maharashtra, Telangana, Andhra Pradesh, Karnataka and a modest of Gujarat; fulfilling the dreams of extensive public. Through this MoU, BSE StAR MF aims to promote investment behavior by spreading awareness and onboarding new investors among prospective customers in areas, primarily rural, served by GUMCCSL.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
