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March saw net outflows of Rs 29,745 crore, taking down the industry's asset base to Rs 31.43 lakh crore, down from the record high of Rs 31.64 lakh crore in February
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SIP contribution in March 2021 has reached the pre-covid levels.
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SBI Mutual Fund's average asset under management (AAUM) rose to Rs 5.04 lakh crore in 2020-21 from Rs 3.73 lakh crore in the preceding fiscal, recording a growth of 35%
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Smallcap funds are a type of equity mutual funds that invest in small-sized companies
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Over five years, these funds have given returns of between 15-19%
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Prior to the inflows, mutual funds had been withdrawing money from equities since June 2020, data available with the Sebi showed
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The six schemes have received total cash flows of Rs 15,776 crore till March 31, 2021 from maturities, coupons and prepayments since winding up
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He reiterated that Franklin Templeton's commitment to India remains steadfast
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Equity Linked Saving Schemes (ELSS) is an ideal way to save tax as well as create wealth.
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Interest rates in small saving schemes are bound to go down in time to come.