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In February, 49.80 million new SIP accounts were registered, compared with 51.84 million a month ago down 4 percent. Discontinuations fell 10.3 percent during the period, from 21.33 million to 23.8 million, data from the Association of Mutual Funds in India shows ....
But a key development that almost grabbed the attention of the street has been the huge acceptance of the Systematic Investment Plan (SIP) mode of investing. This is reflected in the inflows through SIP mode, which reached Rs 17,073 crore in November 2023 from Rs 13,306 crore in November 2022. This ....
“Strong flows for the month supported by SIP inflows, despite a volatile month, is a sign of increasing maturity of investors to continue their allocations in equity mutual funds,” said Akhil Chaturvedi, chief business officer, Motilal Oswal AMC. ....
Investors continued to book profits in largecap funds, as this category saw net outflows for the third straight month in July. The net inflows last month were Rs 1,880 crore, compared to outflows of Rs 2,049.6 crore in June. ....