Highest turnover, highest SIPs, max MFs; August sets new record for stock market
The SIP contribution for August rose to an all time high of ₹15,813 crore, while mutual fund folios touched an all time high of 15.42 crore in August 2023.
The SIP contribution for August rose to an all time high of ₹15,813 crore, while mutual fund folios touched an all time high of 15.42 crore in August 2023.
Though equity MFs witnessed the seventh consecutive month of net outflows in January, AMFI's chief executive says investors will continue to tap MFs as a handy route for wealth creation.
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?
AMFI data reveals that industry’s net AUM fell over ₹4.96 lakh crore over February, and down nearly 5% compared to March 2019.
While benchmark indices continue to hit new highs, the jury is divided on the fate of markets in the ensuing year.