Stay updated with breaking news from Sip Inflows. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Equity mutual funds experienced a 16% decrease in March inflows, totaling Rs 22,633.15 crore. Sectoral/thematic funds led with Rs 7,917.72 crore inflows, while smallcap funds faced outflows of Rs 94.17 crore.
The number of SIP accounts soared to a record high of 7.92 crore in January this year, marking a substantial increase year-over-year.
From top news makers to market performance, here's the market wrap for the week ended January 12, 2024.
During the period April-November 2023, SIP contributions stood at ₹1,24,313 crore, almost 24 percent higher as compared to ₹1,00,581 crore recorded during April-November 2022 period.
In 2023, despite global challenges like US Fed rate hikes, the Indian economy showcased resilience, highlighted by 10 significant market trends identified by Mohit Ralhan, CEO of TIW Capital.