According to market participants, the move will help in stalling mark-to-market impact on portfolios of debt schemes due to the cornavirus-related lockdown and provide relief on exposures to NBFCs
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced, shows the latest data from the Association of Mutual Funds in India
The increased interest in SIPs can be attributed to the strong performance of equity schemes and investor education initiated by Amfi and mutual fund houses
Equity MFs have seen net inflow of Rs 1.64 trillion since April. A little over Rs 600 billion or about 40 per cent of these have come through the SIP route