Page 3 - Sip Investment
SBI plans to introduce innovative products to boost deposit growth: Setty
In a bid to attract depositors, State Bank of India is contemplating to come out with innovative products including a combo product of recurring deposit and SIP, said the bank's chairman C S Setty. With the economy progressing, he said, customers are becoming financially more aware and demanding, and have started looking for innovative investment instruments. Today the customers are looking at the value proposition as financial literacy improves and the concept of asset allocation will gain greater importance, he said. "Obviously, nobody wants to put everything in a risky asset or a speculative asset...banking products will always be part of the basket. So, we are trying to bring products which will appeal to them," he told PTI in an interview. "We are trying to bring innovation in some of the conventional products like recurring deposit, which is actually a conventional SIP...Maybe, we can combine both fixed deposit/recurring deposit and SIP, a combo product that could be digitall
Accumulate gold through SIP if portfolio allocation below 10-15%
The yellow metal may struggle if interest-rate cuts in the US are not significant, and the US economy remains stronger than expected
LIC MF to introduce Rs 100 daily SIPs: Should you invest
The new Rs 100 daily SIP option represents a significant reduction from the previous minimum of Rs 300
This Canara Robeco MF has turned Rs 10,000 SIP into Rs 85 lakh in 15 years
A monthly SIP of Rs. 10,000 invested in the fund has grown to Rs. 84.81 lakh, delivering an annualized return of 18.64%
Close irregular PPF accounts of minors, shift to MFs, long-term FDs
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
Outflows from SIP accounts scale new high of Rs 14,367 crore in July
As a result, net inflows drop to just 38% of gross collections
Weathering the storm: Strategies for managing risks amid market turbulence
Market volatility is inevitable; staying focused on long-term goals is key to navigating it successfully
Moderate earnings growth this year, but strong outlook: Bhandwaldar
Bhandwaldar discusses the potential end-of-earnings downgrades for the information technology (IT) sector, noting that upgrades will depend on the US outlook
Rs 5 cr: Portfolio value on investing Rs 30k monthly at 10% annual increase
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%.
Mutual funds equity AUM surges past Rs 30 trillion in June, shows data
The report noted that the 8.7 per cent month-on-month rise in AUM was fueled by a rise in market indices and a jump in fresh inflows
Rs 15,000: Monthly SIP required to reach Rs 10 crore at the age of 60
If you start investing via SIP at the age of 25, the monthly SIP required is only Rs 15,000. But if you delay and start at the age of 30 the monthly SIP required is 2 times more at Rs 28,000!
Bulwark against closure storm: SIPs ride out the withdrawal gust
Investors withdrew Rs 11,678 crore from SIP accounts last month, compared to an average of Rs 10,436 crore in the preceding six months
Expecting daily positive moves in stock market is unreasonable: Parekh
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
Why are DIIs buying heavily ahead of Lok Sabha elections? Analysts weigh in
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
Average SIP size up 9.6% at Rs 2,340 in April: Where are Indians investing?
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
Spike in SIP churn as investors rebalance; registrations rose 48% in April
Account closures 42%; experts say rotation at play
Mutual funds SIP investments increase 28% to Rs 2 trillion in FY24
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
Outflow from smallcap funds for first time in 30 months due to rebalancing
Rs 22,600 crore inflow in equity schemes, despite 16% MoM decline
