 "SIP")
Mutual fund (MF) investors redeemed over Rs 40,000 crore from systematic investment plan (SIP) accounts in the last six months (second half, or H2) of Calendar 2022 (H2CY22). The figure is 36 per cent higher than the redemptions in the first half of CY22 - the period when SIP investors had taken out Rs 30,000 crore, reveals an analysis of data from the Association of Mutual Funds in India.
The redemptions were exceptionally high in November when benchmark market indices – the S&P BSE Sensex and the National Stock Exchange Nifty - had scaled fresh peaks.
Industry executives had attributed
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