Lump sum investments in equity and hybrid schemes of mutual funds MFs) declined to ₹17,900 crore in October the lowest since January 2021. The fall in lump sum investments comes even as flows through systematic investment plans SIPs) rose to a new alltime high of ₹13,000 crore in October.
The latest lump sum tally is just a third of the peak inflow of ₹49,700 crore in July 2021. In the past year, lump sum investments have largely been on a downward trajectory, reveals an analysis by Motilal Oswal Financial Services.
Volatility in the market and an uncertain global environment have discouraged investors from committing large sums to MF schemes.
In the past year, stock prices have swung wildly, with the benchmark Sensex dropping as much as 17 per cent to 51,360 and bouncing more 20 per cent to breach nearly 63,000.
The fall in mid-caps and small-caps has been even sharper, with the latter still trading substantially below their record highs.
Esta historia es de la edición November 30, 2022 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 30, 2022 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Bandhan Bank Q4 profit falls 94% to ₹54.6 crore
Bandhan Bank on Friday reported a 93.24 per cent drop in its net profit to ₹54.6 crore in the March quarter (Q4FY24) compared to a profit of ₹808.3 crore in the corresponding quarter of the previous financial year.
UN ups India's CY24 growth forecast
The United Nations (UN) has revised upwards India's growth forecast for 2024 by 70 basis points to 6.9 per cent, from 6.2 per cent estimated in January this year, driven by robust public investment and resilient private consumption.
RBI flags concerns over functioning of debt recast firms
Meeting with ARCS part of supervisory engagements
Adani Ports & SEZ shares stable after Norges Bank exit
A day after Norway's Norges Bank decided to sell its shares in Adani Ports & Special Economic Zone, the company's shares closed stable at ₹1,336 a share on Friday.
Trent, Bharat Electronics in Nifty 50 contention
Tata group retailer Trent and state-owned Bharat Electronics Ltd (BEL) are seen as likely contenders to the benchmark Nifty 50 index during the next rebalancing exercise in September.
M&M stock races ahead on strong Q4 results, healthy outlook
Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably.
Silver outpaces gold as buying gains momentum
Gold's record-setting rally may have captured the headlines this year, but it's silver that's running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.
Go Digit IPO booked 9.6x on last day, QIBS bet big
The ₹2,615 crore initial public offering (IPO) of the Fairfaxbacked Go Digit General Insurance closed on Friday, with the issue getting subscribed over 9.6 times.
Bajaj MF adds to variety in multi-asset space
Takes the dividend yield route to stand out in emerging hybrid category
Heavyweights lift Sensex, Nifty
Equity benchmarks Sensex and Nifty closed higher for a second straight day on Friday as buying in index majors M&M, Reliance Industries, and ITC helped the indices rebound from early lows.