This, even as benchmark indices saw their biggest correction in 21 months
The small-cap and sectoral funds, however, saw an increase in their AUM by Rs 1,360 crore and Rs 466 crore
Inflows through the SIP route have been strong this financial year, even as lump-sum investments have slid
The benchmark indices gained 0.3 per cent in October, while the smallcap indices ended a per cent lower
While the MF industry has grown manifold over the past decade, the number of players have shrunk, says the CEO of the investment management firm in a Q&A
Equity inflows stood at Rs 8,677 cr; Debt segment saw outflows of Rs 63,910 cr
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The Nifty50 concluded the August expiry series with gains of 5.4 per cent; it has made higher highs and shallower lows for the last four weeks
Profit booking in rising markets seen as one of the main reasons for high discontinuation
Investors pour Rs 22,583 cr in equity schemes even as markets hit new highs
Market participants say under the pandemic SIPs have become a key component of investors' portfolios and even the trading class have started taking to them
Investors take money off the table as markets hit new record highs
Investors, especially high net-worth individuals (HNIs), rely heavily on grey market signals for punting on any IPO
In the last few months SIPs discontinuation were in the range between 700,000 and 800,000.
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A SIP lets investors commit a fixed sum every month, compared to putting in a large sum at once.
Company clocked over 20 million annual direct mutual funds transactions with assets under management of over Rs 5,000 crore, says Varun Sridhar
Multi-cap, focused, and large and midcap were the only three categories to see net inflows
Net redemptions of Rs 9,200 cr in Jan, over Rs 42,000 cr since July