Sips

New SIP rule: SEBI mandates MF companies to process cancellations in 2 days

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

After recent run-up, enter US-focused funds through SIP for 7+ years

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

Market regulator Sebi plans to launch smaller SIPs, Reit reforms in FY25

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

Reversion to mean: Why frequent switching of SIPs should be avoided

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

Election-related market volatility: Time for MF investors to start SIP?

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

Making gold investment, setting up home bar: Top personal finance stories

This week we report about gold as a safe asset and the design needed to set up your own bar

Retail market to double in size to reach $2 trn in 10 years: BCG report

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 adds 1 million new mutual fund SIPs in December

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 ...

SIP collection up Rs 1.66 trn in 2023, lower ticket size to push inflow

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 ...

Rs 20 trillion & rising: AUM of active equity mutual funds surges

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

Sebi to focus on sachetising SIPs by making Rs 250 bets viable: Buch

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

India's equity MF inflows moderate in November; SIPs hit new high

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

Mutual funds attract 6% of household savings in FY23, shows RBI data

Fiscal sees a record Rs 1.8 trillion net inflows from households

Equity mutual fund SIPs boost distributors' income; AUM rise modest

Revenue from commissions saw double-digit growth in FY23

Retail trading volumes may bolster momentum: Centrum Broking's S Nayak

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

SIP inflows top Rs 15,000 crore, help offset redemption pressure

Smallcap schemes continue to be a big draw

HDFC Defence Fund to stop lumpsum investment, limit new SIPs to Rs 10,000

Fund to stop taking lumpsum investments, limit new SIPs to Rs 10,000

Mutual fund inflows, equity market performance witness decoupling

Data shows that SIPs now account for 34 per cent of the total equity AUM compared to 25 per cent at the end of FY19

Mutual funds' equity bets touch record Rs 1.73 trillion in FY23

Overall, domestic institutional investors (DIIs), which include MFs, made a net investment of Rs 2.56 trillion in last financial year

Outflows in debt MFs continue, Rs 13,815-crore withdrawn in February

Mutual funds focussed on investing in fixed-income securities witnessed an outflow of Rs 13,815 crore in February, making it the third month of withdrawals in a row despite expectations that the rate hike cycle was nearing its end. In comparison, such funds saw an outflow of Rs 10,316 crore in January and Rs 21,947 crore in December. Prior to that, debt funds saw a net infusion of Rs 3,668 crore in November 2022, data from the Association of Mutual Funds in India (Amfi) showed. Of the 16 fixed-income or debt fund categories, nine witnessed net outflows during the month under review and the remaining six saw inflow. The heavy withdrawal was seen from liquid funds. Overall, debt funds continued to witness outflows at Rs 13,815 crore during the period under review. "With the central bank's focus on moderating inflation, the monetary policy has been tailored to ensure a disinflation process. Despite expectations around the February rate hike of 25 basis points likely being amongst the