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SIP soars beyond city limits: Small towns lead in account additions

Mutual funds (MFs) are seeing higher growth in new systematic investment plan (SIP) accounts in rural areas (beyond 30 or B30 centres) compared to the top 30 (T30) cities. However, the average inflows from these areas remain significantly lower than those from the larger centres. Data from the Association of Mutual Funds in India reveals that investors from B30 contributed Rs 1,725 on average to MFs through SIPs, which is 70 per cent lower than the average ticket size of T30 investors at Rs 2,940.

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Large cap, mid cap ETFs popular among investors: Mirae Asset MF survey

Swarup Mohanty, Vice Chairman and CEO, Mirae Asset Investment Managers (India), said, “ Learnings from this report will not just provide valuable insights of the investors who are already investing in ETFs but also learn what the intenders are looking forward from the ETF providers, this survey may overall benefit ETF Industry in India.”

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ETFs Gaining In Popularity In Tier-2 Cities Majorly Among 36-45 Year Age Group, Says Study

ETFs Gaining In Popularity In Tier-2 Cities Majorly Among 36-45 Year Age Group, Says Study
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Mirae Asset continues remarkable growth in India

Mirae Asset Global Investments, which has grown into the 9th biggest asset manager in India, is expected to continue its remarkable growth this year.

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Finfluencers exist because traditional financial organisations and setups left a gap: MF experts

It s extremely important to educate people on personal finance from the school, said Nilesh Shah of Kotak AMC at a panel discussion on financial literacy at IFTA 2023.

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