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With valuations contracting, the domestic market became more appealing. The upward momentum was further boosted by upgradation of GDP forecasts for FY23 and FY24, rising to 7% from the previous 6% forecast.
During the bull run, stock prices rise indiscriminately. So, it is advisable to raise the SIP inflow in order to buy the same number of mutual fund units that you could buy with a lesser amount
In a bullish market where stock prices surge uniformly, it is recommended to increase the SIP inflow to acquire the same quantity of mutual fund units that could be purchased with a lower amount.
Out of the total equity inflow in mutual funds, nearly ₹3,857 crore was seen in smallcaps and ₹4,259 crore in sectoral funds. The SIP figure stood at ₹17,610 crore in December, AMFI data revealed.
“We see that the retail investors are reposing faith and trust in the mutual fund industry and they are using the SIP as an investment vehicle to participate in the India story and we believe that going ahead we will see the SIP numbers are going to show an increasing trend.”