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SIP scales to 20K cr in Apr; AUM at ₹57.3 L cr
The New Indian Express
|May 10, 2024
CONTINUING inflows into the most popular mutual fund segment, the systematic investment plans or SIPs set new records in April topping the ₹20,000 crore mark for the first time, and coupled with this and fresh inflows into debt and equity funds took the total assets under management to 57.26 lakh crore in the month, up from ₹55.01 lakh crore in the previous month.
Being the fiscal year closing month, March saw a significant outflow of 1.59 lakh crore, but the industry reversed the trend and saw a strong rebound with net inflows reaching ₹2.39 lakh crore, driven by inflows across all categories, show the latest data shared by the industry lobby the Association of Mutual Funds of India or Amfi in Monday.
Cette histoire est tirée de l'édition May 10, 2024 de The New Indian Express.
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