Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview
Between January and May 28, DIIs have purchased shares worth Rs 1.97 trillion. In May alone, DIIs bought shares worth Rs 44,952.16 crore
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
Account closures 42%; experts say rotation at play
Buoyant economic outlook and increased market participation helped drive the inflows in the mutual fund industry through systematic investment plans or SIPs route to record Rs 2 lakh crore in 2023-24, marking a rise of 28 per cent year-on-year. In comparison, an inflow of 1.56 lakh crore was witnessed through this route in 2022-23, Rs 1.24 lakh in 2021-22 and Rs 96,080 crore in 2020-2021, data with the Association of Mutual Funds in India (Amfi) showed. Moreover, mutual fund SIP contribution has seen over four-fold rise during the last seven years. It was Rs 43,921 crore in 2016-17. Additionally, SIP book has also grown consistently from Rs 14,276 crore in March 2023 to an all-time high of Rs 19,270 crore in March 2024, indicating a growth of 35 per cent. The SIP contributions consistently exceeding Rs 19,000 crore for two straight months in February and March this year signal a shift towards a more disciplined investment strategy among investors. "This disciplined approach is fur
Rs 22,600 crore inflow in equity schemes, despite 16% MoM decline
The milestone has come 19 months after the total number of demat accounts hit the 100-million mark, a sign that more domestic households are taking to direct equity investing
Bite-sized SIPs generated from growing household savings are billowing sufficiently to push India's mutual fund industry to double its AUM in 5 years, expects Axis Capital's Praveen Agarwal
WEALTH GROWS SIP BY SIP: AUM and active accounts skyrocket 8x; monthly inflows achieve a 6x soar since 2016
Intensified redemption pressure came amid profit-taking by investors after a sharp market rally
Elevated MF returns, preference for SIPs led to net additions of 15 mn accounts
The National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned investors against high-risk derivatives or frequent trading in the stock market. "Avoid the pitfalls of high-risk derivatives or frequent trading in the stock market. Be a committed participant in India's growth story, and pave the way for a brighter future. Long term investments usually yield better results based on past experiences," the exchange's MD and CEO Chauhan said in a message to investors. At the same time, he asked investors to deal only with registered intermediaries and never invest in unregulated products. "Investment through the stock market is meant for long-term wealth creation. An unpleasant experience can dishearten even the most resilient investors, making it crucial to tread with caution if you are new to the stock market or not an expert," he added. Last month, Sebi chairperson Madhabi Puri Buch stated that she was 'confused and surprised' at investor interest in Futures and Optio
For those wary of market valuation, employing STP-placing funds in fixed-income mutual funds and gradually shifting to equity over 12-18 months-is a prudent strategy.
Monthly SIP investments have been going up consistently, rising from Rs 8,023 crore in January 2021 to Rs 17,073 crore in November 2023
The new fund offering has been open for subscription since December 5, 2023, and will close on December 15, 2023. The fund managers of the scheme are Anil Ghelani and Diipesh Shah
SIP account additions and SIP inflows from B30 have been growing at a faster pace than from T30
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The report is based on a detailed analysis using long-period data of S&P BSE Sensex TRI (last 27 years) and considers all those periods when equity market has fallen more than 20% from its top.