Mutual funds investing in stocks continue to see net inflows for the 35th consecutive month, driven by expectations of political continuity, higher reforms, a pickup in the capex cycle, and likely interest rate cuts. SIP contributions reached a record high in February, driving total assets under management to a higher level.
With ongoing geo-political tensions and US inflation still higher than the desired number, the appeal of Gold as safe haven and hedge against inflation is expected to continue, Melvyn Santarita, Analyst at Morningstar Investment Research India, said.
Gold ETFs continue to glitter; attract Rs 657 cr in January newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Equity MF inflow hits almost 2-yr high of Rs 21,780-crore in Jan; SIPs reach all-time high financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.