Page 46 - Sip News Today

Many mutual funds do not allow you to increase your SIP amount in between the SIPs. In that case, if you plan to increase your investment from next year say by a fixed amount or a fixed percentage then Step up SIP is the option to increase your investments every year.

Aditya Birla Sun Life Mutual Fund has changed the minimum installment amount under the SIP facility for all frequencies in its 25 mutual fund schemes including debt and equity mutual funds. The minimum installment amount is revised to Rs 100 and in multiples of Re 1 thereafter.

As per the scheme information document with data as on September 30, 2023, the scheme has 8,11,916 folios.

Mutual funds offer high returns, but online comparisons may not provide all necessary information like fund manager pedigree, investment style changes, and technical terms. Lack of understanding these factors can lead to uninformed decisions and missed opportunities. i

Inflows into systematic investment plans (SIPs) of mutual funds spiked to ₹18,838 crore in Jan 2024, reflecting a jump of 36% in just one year. Consequently, total SIP assets under management have touched the highest-ever figure of ₹10.26 lakh crore.

Investments in systematic investment plans of mutual funds surged to ₹18,838 crore in January 2024, marking a 36% increase in just one year. As a result, the total assets under management (AUM) for SIPs have reached a record-high of ₹10.26 lakh crore.

Investors are now permitted to invest over ₹2 lakh into small cap fund in a month via lumpsum, and more than ₹25,000 through systematic investment plan (SIP).

Nippon India Small Cap Fund(G) which predominantly invests in smallcap stocks has given extended internal rate of returns (XIRR) of over 37% according to data sourced from Ace Equities, earning Rs 8.80 lakh on the total investment of Rs 6 lakh made between February 22, 2019 and February 22, 2024. Meanwhile, the 5-year CAGR returns stand at 30.57%.

Placer County, a 1,400-square-mile destination in Northern California, is inviting responsible leisure travelers in accordance with the California Department of Public Health and the Center for Disease Control and Prevention.

Indias mutual fund industry has doubled its AUM in just four years to reach a landmark Rs 50 lakh crore in December 2023. Prior to this, the industry took five years to double its AUM from Rs 12 lakh crore to Rs 25 lakh crore.