Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. He identifies valuation risk as a key factor that could remain for extremely long periods.
India Business News: MUMBAI: Monthly flows into the mutual fund industry through the systematic investment plans (SIPs) reached an all-time high of Rs 17,073 crore in Nove.
“As we approach the end of another remarkable year, its time to celebrate the positive growth and success of the Mutual Fund Industry. The AUM has been increasing steadily, reflecting the growing trust and confidence of investors. The overall AUM stands at 49,04,992.39 crores in November 2023. We believe this trend will continue through December as well and the numbers will continue to remain positive,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
Agusto & Co, in its report titled, ‘The Nigerian Asset Management Industry: Segregated Portfolios Take Centre Stage,’ stated that investors have shown a