India Business News: MUMBAI: A volatile stock market in Jan notwithstanding, monthly inflows through SIPs in MF schemes went past the Rs 18K crore mark to settle at Rs 18,.
Indian shares are set for a muted start on Friday, tracking Asian peers, after U.S. economic data added to concerns of potential delay in the onset of Federal Reserve rate cuts..
Inflows into India s equity mutual funds rose to a nearly two-year high in January, led by sustained interest in small-caps, data from the Association of Mutual Funds in India showed on Thursday.. -February 08, 2024 at 02:39 am EST
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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.
The asset base for SIP rose 3.12% in January to Rs 10.26 lakh crore. The SIP AUM was Rs 9.95 lakh crore in December. The number of SIP accounts stood at the highest ever of 791.71 lakh in January, compared to 763.65 lakh in December. The number of new SIPs registered in January also attained a new milestone, with 51.84 lakh new registrations as against 40.32 lakh in December.