Equity Oriented Schemes News Today

On Dec 31 last year, total asset size of mutual fund industry stood at ₹39.88 lakh crore. It spiked to ₹49.05 lakh crore by Nov 30, 2023, signifying a jump of 23 percent in the first eleven months

The mutual fund industry saw its assets grow from Rs. 39.88 trillion in September 2022 to Rs. 47.79 trillion in September 2023, reflecting a substantial 19.84% increase in assets compared to September 2022.

“It is very heartening to see that Indian retail investors continue to invest in the equity markets via the Mutual Fund route, especially through SIP mode. The record SIP contribution of Rs 15,813.54 crores is a testimony of the Indian Investors long term approach to building wealth by investing through small ticket sized SIPs,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).

Hybrid schemes, with total Assets Under Management (AUM) of Rs 4.87 trillion, are the second-lowest open-ended mutual fund category after Solution Oriented Schemes. Compared to this, Growth/Equity Oriented Schemes commanded AUM of Rs 15.01 trillion as of February-end.

The mutual funds saw a net influx of 65,077.46 crore, up from the previous months inflow of 23,604.92 crore.

Sensex at 52K: Take 25% profits off table; consider core sectors, PSU stocks The BSE benchmark Sensex breached 52,000-mark on Monday after data showed the retail inflation stayed within the Reserve Bank of Indias target range for the second consecutive month Aprajita Sharma February 15, 2021 | Updated 23:31 IST Sensex closes above 52,000 on Monday The euphoria in the market is going strong and how! Already on a high thanks to better-than-expected corporate earnings and no negative news from th...