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.
Apart from this, the fund house has filed documents for Navi Nifty India Manufacturing Index Fund and two international funds.
As per the reports, Franklin Templeton had threatened to exit India if it was not given a fair hearing.
The timings were revised during the lockdown due to the coronavirus pandemic.
The petition in the High Court of Gujarat was filed by investors alleging that winding up of the debt schemes by the fund house was illegal.
Last month, the fund house had closed six of its debt funds, citing redemption pressures and lack of liquidity in the bond markets.
