An SIP investment, started in October 1996, of Rs 10,000 on a monthly basis in HDFC Top 100 Fund would have grown to Rs 8.30 crore by May 31, 2024.
Coal India, HCL Tech and L&T were among the most-sold stocks by domestic funds in October even as they rallied between 10% and 16%
Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore
However, this was much lower than the net inflow of Rs 25,077 crore witnessed in December
Equity-linked mutual fund schemes saw net inflows of over Rs 11,614.73 crore in November, as per the data furnished by the Association of Mutual Funds in India (AMFI)
Equity mutual funds witnessed a net inflow of Rs 9,115 crore in March, making it the first net infusion in nine months
In FY20, registrations for new independent financial advisors reduced to 8,594
Five of the top 10 mutual funds by equity value are holding cash in the range of 8-11 per cent, a reasonably high number
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
Over 50% of assets under management erased in December quarter
The months of August and November need special mention, as inflows surpassed the Rs 200 billion mark