Bombay Stock Exchange has introduced a new application 'BSE STAR MF' to increase the participation and help mutual fund distributors process transactions faster.

The application supports paperless transactions and real-time client registration, it creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips.

The application is available in Google Play Store and sign up can be done by providing the member identification number.

The application will help the business members in increasing their productivity and to take their business anywhere, anytime.

As per the BSE, the application is a mutual fund platform that helps distributors purchase and redeem mutual fund units on behalf of their clients.