Investors are betting big on systematic investment plans or SIPs to generate long-term wealth, with monthly flows in the mutual fund industry through the route rising to an all-time high of Rs 13,040 crore in October.
This surpassed the Rs 12,976 crore inflow seen in September, data with Association of Mutual Funds in India (AMFI) showed on Thursday.
India Business News: Strong flows into liquid, money market, new fund offers (NFOs) and sectoral funds helped total assets managed by the mutual fund (MF) industry to an a
With a booming stock market and a lack of better options to park money, retail investors continued to opt for mutual fund investments in May, show the data from the Association of Mutual Funds in India (AMFI).