How to get BSE Star MF API for integration in Finnsys ?
MFD Model (For ARN Holders/IFAs)
SEBI vide its circular CIR /MRD/DSA/32/2013 dated 4th October, 2013 has allowed Mutual Fund Distributors to use re-cognized stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual Fund/Assets Management Companies on behalf of their clients.
Such MF Distributors shall not handle payout and pay in of funds as well as units on behalf of investors. The pay in will be directly received by Indian Clearing Corporation Ltd (ICCL) and payout will be directly made to investor's account. In the same manner, units shall be credited and debited directly from the Demat account of the investors by the ICCL.
BSE Ltd offers its platform to Mutual Fund Distributors (MFDs) to purchase and redeem mutual fund units on behalf of their clients.
For the aforesaid purpose, only a Mutual Fund Distributor registered with Association of Mutual Funds in India (AMFI) and who has been permitted by the concerned recognized stock exchange, shall be eligible to use recognized stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual Fund / Assets Management Companies.
FinnSys Allows you to get this Online Transaction API integration done in your Web and app @Rs 5000/- per year of additional cost. Given below are the simple
Step by Step process to activate your BSE Star Platform ID and also to get the API integrated in your system
Step by Step process to activate your BSE Star Platform ID and also to get the API integrated in your system
Step 1 : Apply for BSE Star MF platform from their Online link : https://membership.bseindia.com/mem_Login.aspx
Or if you are a SBI Agent , LIC Agent or UTI agent then simply log on to https://membership.bseindia.com/InstaReg.aspx for instant registration
Step 2 : Once you get the ID activation mail, then login to your CSR portal https://bsecrs.bseindia.com/ and Ask for the API User name and Password
( user ID for your API generally ends with '02' like - xxxxxx02)
Step 3 : Provide this API user name and Password to admin@armfintech.com with the subject - BSE API details
Step 4 : FinnSys team will integrate the API within 24 hours ( excluding holidays) and send you the activation E mail
Step 5 : Login to your BSE Portal and check on all the AMC which you want to sell - generally you should tick mark all : https://youtu.be/TMJexsbLsRA
Step 6 : Take trainings from our KB articles or ask your RM to provide you training on various topics like - how to generate client codes for Online Transaction, how to promote your app for online transactions, how to use OTM (One time facility) to facilitate easy transactions..etc
Watch a teaser video to get a glimpse on how does this all works ?
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