SIPs

Stock Market Today: At 6:50 AM, GIFT Nifty Futures were down 148 points at 22,536, hinting at a gap-down start

Experts attribute the surge primarily to heightened equity market volatility since September 2024

The Sensex surged 1.42 per cent (1,071.33 points) to 76,459.72, while the Nifty50 bounced 1.37 per cent (312.5 points) to 23,110.85, suggesting that some support is still present

Step allows mutual fund subscribers to keep their funds invested and likely benefit from market recoveries during the pause period

This revised timelines for cancellation of SIPs has come into effect from December 1, 2024

While last year's earnings were concentrated among the seven major tech stocks, non-tech stocks within the S&P 500 have witnessed improved performance this year

In its annual report, regulator says difficult to recover dues stand at Rs 76,000 crore

Long-term investors should never stop their SIPs during market corrections

Mutual fund investment strategy: Mutual fund investors, meanwhile, have been rejigging their portfolios amid a surge in equity volatility

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The report stated that organised retail in the country has consistently demonstrated faster growth, despite subdued performance in the recent quarters owing to potential headwinds

Fintech platform Groww has emerged as the top distributor of mutual funds with the addition of over 1 million new SIPs (Systematic Investment Plans) in December, accounting for 25 per cent of total new SIPs in the country. According to data from Association of Mutual Fund Industry (Amfi), the number of SIP accounts touched 7.63 crore, out of which, 40.3 lakh new SIP accounts were added in December, the highest-ever recorded in a month. Of the 40.3 lakh addition in December, over 10 lakh of these new SIPs were opened on Groww by retail investors across the country. Further, there were about 3.5 crore new SIPs by the industry in the 2023 and Groww contributed to 20 per cent of the new addition, the company said. "The recent surge in SIPs validates that the new investors are responsible and prudent. India has seen over 50 per cent year-on-year growth in new SIPs while on Groww it has doubled in the last 12 months," Harsh Jain, Co-founder and COO, Groww, said. The industry saw SIP ...

Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi's decision to lower the ticket size to Rs 250 will further boost investment. The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI). Going ahead, Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, anticipated a sustained and healthy year-on-year growth in overall SIP participation. "With a buoyant economic outlook and increased market participation, investors are likely to continue favouring SIPs as a disciplined and accessible investment avenue. The ongoing strength in the market, coupled with the potential for healthy returns, reinforces our belief that the upward trend in SIPs will persist throughout 2024," he ...

The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings

Sebi chairperson Madhabi Puri Buch on Friday said the capital markets regulator wishes to sachetise mutual fund investments going forward. Speaking at an event hosted by Business Today here, Buch said the mutual fund industry feels investments of Rs 500 per month in a systematic investment plan are viable, but Rs 250 are not and the focus will be to try to look at ways of making such investments rewarding. "We are working with them (MF industry) to see where is the cost, what can Sebi do to facilitate making it possible to bring that viability down to Rs 250 a month, because then it is the equivalent of what Hindustan Lever did with shampoo sachets. You just explode the market," Buch said. The comments come on a day the MF industry reported its highest-ever monthly investments through SIPs at over Rs 17,000 crore for November. It also comes amid expectations of an aggressive entry by the Reliance Group entity Jio Financial Services into the MF space. Buch said such sachetisation wi

The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October, the data showed

Fiscal sees a record Rs 1.8 trillion net inflows from households

Revenue from commissions saw double-digit growth in FY23

Centrum GalaxC will leverage Centrum Group's expertise in wealth management, insurance, and banking to provide schemes for wealth growth, management, savings, and security, said Nayak

Smallcap schemes continue to be a big draw