Mutual funds see record SIP inflows in Nov
Large-cap funds experienced an inflow for a second straight month at ₹306.70 crore, after witnessing ₹5,751 crore outflows since April
Stay updated with breaking news from Large Caps. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Large-cap funds experienced an inflow for a second straight month at ₹306.70 crore, after witnessing ₹5,751 crore outflows since April
Equity markets have enjoyed a tremendous November rally that allowed the S&P 500 to break out of its downtrend pattern and retest the July 31st peak.
Apart from the comfort of valuations, large caps could benefit from the ongoing pullback in the market, owing mostly to the flight of foreign capital on the escalation of geopolitical tensions and other global worries.
Majority of selling was seen in Infosys, State Bank of India, Cholamandalam Investment and Finance, Bajaj Finance, and Mahindra & Mahindra
Mutual fund investors are concerned about investing in equity funds this Diwali due to the record high stock market and worsening geo-political tensions in the Middle East