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"Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persstent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said.
"The net inflows into the mutual fund industry were to the tune of Rs 25,616 crore in November 2023, up from Rs 11,373 crore in January this year. On a year-on-year basis, net inflows surged by 93% compared with Rs 13,264 crore in November 2022," it said. The net AUM (assets under management) stood at around Rs 49.05 lakh crore as of November 30, 2023, up from Rs 39.62 lakh crore as of January 31, 2023.
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The contribution of systematic investment plans (SIP) to the mutual fund industry touched Rs 16,042 crore in September 2023, , assets under management, markets, economy, india, mutual fund industry