Dividend yield funds saw high returns, with top schemes like ICICI and HDFC performing exceptionally. Investors seeking stability favored these funds. However, caution is advised due to taxation impact on dividends and potential future performance uncertainties.
Flexi cap mutual funds with Rs 3.5 lakh crore AUM lead equity categories. Fund managers flexibility, market outlook trust, and SIPs for systematic investment make these funds popular among investors for long-term goals.
Mutual fund SIP inflows surged to Rs 2 lakh crore in 2023-24, up 28% YoY. SIP book touched Rs 19,270 crore in March 2024. Industry aims for Rs 25,000 crore milestone by 2024.
Smallcap mutual funds made strides in FY2024, reducing the AUM gap with largecap peers through notable growth. The data analysis highlighted the impressive performance of smallcap schemes in managing assets under management effectively.