Systematic Investment Plan (SIP) inflows continued to remain resilient despite consolidation in Indian stock markets, supporting the overall growth in the mutual fund industry, according to a report by Nuvama.
New Delhi [India], December 29: India boasts more than 25 crore mutual fund folios, with monthly SIP inflows consistently touching record highs. From an industry AUM of just ₹1.21 lakh crore in 2003, mutual funds have grown exponentially to cross ₹80 lakh crore today--a nearly 70-fold expans
Monthly SIP inflows remained robust at Rs 294 billion, broadly flat on a month-on-month basis, underlining continued retail participation despite market volatility, the report said. A sharp revival in lump-sum investments which surged 274% month-on-month to Rs 98.8 billion helped push activ
The Mutual Fund (MF) industry in India has achieved significant milestones, as Systematic Investment Plan (SIP) flows surged 39 per cent in November compared to the same period last year, says a report by Motilal Oswal.