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.
This story is from the November 30, 2022 edition of Business Standard.
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This story is from the November 30, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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