Investors can purchase direct plans directly on MF websites and online investment platforms
Inflows via SIP cross Rs 1,000 cr; Share in total SIP inflows nears 5%
Surge in SIP flows, strong NFO collections drive August collection to the second highest in a month
Method allows investors to increase their SIP by a fixed percentage every year
As per the FundsIndia Research Report, by investing Rs 30,000 per month with a 10% annual increase in contribution, you can achieve your first Rs 50 lakh in 7 years at an assumed rate of 12%.
Recoveries from SIP accounts in June stood at over Rs 10,000 crore for seventh straight month
Equity schemes saw the highest growth in open-ended schemes year-on-year, with an increase of 52 schemes. A significant portion of this growth (nearly 34 schemes) came from thematic funds
'Staying on course' on SIPs is better strategy than frequently changing lanes as frequently changing lanes can be both stressful and harmful.
Account closures 42%; experts say rotation at play
Net SIP inflows rise 4.9% even as gross collections rise 28%
Shares of the Anil Agarwal-led commodity major Vedanta have rallied over 10 per cent in the past one week amid a rally in global metal prices on improved economic outlook for China
SIP account discontinuation moderated in February, despite the regulator highlighting valuation concerns in the mid and smallcap space
Investors can now put a maximum of Rs 200,000 as lumpsum each month and Rs 25,000 per month through the systematic investment plan (SIP) route
Ease of transactions through the digital mode, rising disposable incomes and increased financial literacy are prompting young Indians to venture into mutual funds' Systematic Investment Plan (SIP), a top official of WhiteOak Capital Mutual Fund said. WhiteOak Capital Mutual Fund, which has 3.33 lakh investors and manages assets worth Rs 8,400 crore since its began operations one-and-half-years ago, said GenZs and Millennials account for 56 per cent of their investors. Millennials, also known as Gen Y, are typically defined as those born between 1981 and 1996. Generation Z, or GenZ, are those born between 1997 and 2012. The data shared by the fund house showed that 28 per cent each of its 3.33 lakh investors belong to the 18-35 years and 35-45 years age groups. The majority of its investors -- 51 per cent -- came through digital channels at the age of 18-35 years. "As millennials and GenZ are digital natives, it is quite natural for them to prefer technologically centric financial
WEALTH GROWS SIP BY SIP: AUM and active accounts skyrocket 8x; monthly inflows achieve a 6x soar since 2016
MFs emerged as a key support for the market in the calendar year 2022 amid a sharp pullout by foreign investors
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This resurgence is bolstered by a robust performance of MF schemes, underpinned by a sharp market rebound since this year's lows in March
Inflows in Sept were higher than the average flows seen in FY24
Net inflows stood at Rs 14,090 crore on strong SIP flows in September