There has been a massive 233 per cent growth (year-on-year) in overall net inflows in systematic investment plans (SIPs) in India this year, according to a new report, as the Indian economy remains resilient amid rough geo-political conditions.
The Indian Chamber of Commerce (ICC) hosted its 16th mutual fund summit, focusing on ‘Vikshit Bharat 2047’, on 30 November, thereby transitioning from financial inclusion to financial well-being and navigating exponential changes through expert insights.
The domestic startup ecosystem raised more than $145 million, as investor confidence is reviving in the country when it comes to VC funding.
The move also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors.
The aggregate losses of individual traders in the equity futures and options (F&O) segment exceeded Rs 1.8 lakh crore over the three-year period between FY22 and FY24, a new study by the Securities and Exchange Board of India (SEBI) showed on Monday.
Mutual fund industry witnessed strong inflow via new fund offers (NFOs) in June as 11 NFOs of different fund houses collected Rs 14,370 crore last month.
The development comes after a lackluster performance in 2022 with 2023 witnessing a substantial increase in overall inflow.
Indian stocks have been able to hold on to all-time highs when market breadth is healthy. Readings of over 15 per cent NSE 500 Index member stocks touching a new 52-week high is positive, said a report by DSP Mutual Fund.
The fund houses are instructed to pay out the proceeds in the event of a redemption or repurchase of units within three working days. Investors in schemes where at least 80% of the capital is invested in foreign securities must be paid within five working days of the date of redemption or repurchase.
Systematic investment plan (SIP) contribution crossed the Rs 13,000 crore mark in October, according to data released by the Association of Mutual Funds of India (AMFI).
