Saugata Chatterjee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After a short-term blip, mutual funds (MFs) are back to adding new systematic investment plan (SIP) investors at a record high pace, which was seen during the financial year 2021-22 (FY22). During the first six months (H1) of this financial year (FY24), MFs have added a net 77 million SIP accounts compared to 56 million during the same period of FY23. The net additions this year are a tad higher than the 76.5 million additions in H1 of FY22.

Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.

This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed.

A Zimbabwe-based NRI man, his wife and brother-in-law, who were found infected with the Covid Omicron variant in Jamnagar have now tested negative for COVID-19 and were discharged from a hospital in the city, officials said today.

India's tally of Omicron cases has crossed 90 as multiple states reported new cases on Thursday and Friday. Meanwhile, the US CDC has recommended Pfizer and Moderna Covid-19 shots over J&J's, and the G7 has called Omicron the 'biggest current threat' to world health. Stay tuned for live updates.