In May, 1.97 million new SIPs got registered - nearly 15 per cent lower than the previous five-month average of 2.3 million - reveals the data provided by Amfi
Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag
This comes following a net outflow of Rs 25,966 crore during 2020-21, data with Association of Mutual Funds in India (Amfi) showed
Strong SIP inflows will help cushion the blow, they add
Strong SIP inflows will help cushion the blow, they add
Amfi data shows that in February, 2.34 million new SIP accounts were opened compared to 2.65 million in January
19.5 mn new SIPs registered till December-end vs 14.1 mn in the whole of last year
The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June
Monthly SIP book nears Rs 10,000 cr, new SIP registration & AUM hit record highs
The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021
The revival in flows and an uptick in new accounts is an encouraging sign for the Rs 32-trillion domestic mutual fund industry
Industry in January registered over 1.6 million SIPs, 58 per cent more than the previous nine-month average
Experts say move could give clearer picture on impact on flows in current conditions
In a Q&A, the MD & CEO of Kotak AMC explains why SIPs make a good bet in the current scenario and why leveraging can prove disastrous
Many fund houses don't yet offer the pause facility but are scrambling to put one in place for investors
The policy boost by the government and the RBI will help the economy and the financial system immensely, says Manish Gunwani
At 591,000, December saw the highest number of SIPs being discontinued in the current financial year
Tally still 31 per cent lower than 12-month average
In a regular SIP, you simply put in a fixed amount every month. New-age tools allow investors to modify the traditional SIP and be more responsive to market fluctuations.Listen to the podcast for more
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