Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Recoveries from SIP accounts in June stood at over Rs 10,000 crore for seventh straight month
Net SIP inflows rise 4.9% even as gross collections rise 28%
Redemptions rise 60% month-on-month to Rs 26,030 crore in November, the highest since September 2021
The comparatively high growth in outflows has weighed on the net inflows in equity and hybrid schemes between June and August
According to industry expectations, speculations over the government's decision to alter the capital gains tax framework could have prompted some investors to redeem their units