Contributions under the SIP continued to break records for the fourth month in a row as they touched lifetime highs of Rs 9,923.15 in August 2021.
In July 2021, 25.33% of assets held by individual investors are from the B30 locations, and the remaining 74.67% are from T30
Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July
The continuous inflow and rally in the stock markets have taken the AUM under the SIP schemes to Rs 5,03,597.35 crore for the first time ever
Data shows that the equity-oriented mutual fund schemes witnessed a net inflow of Rs 22,583.52 crores in July 2021
Improving investor sentiment, driven by a surge in the markets & a positive investor response towards NFO’s have contributed to the inflows in July
The new RTA platform will offer a near real-time resolution as against just logging in the service requests
The new platform would act as a one-stop shop for financial and non-financial mutual fund transactions
Despite efforts by Sebi & exchanges, retail investors are driven by lack of awareness on stock market and sheer desire for making a quick buck
Mutual funds were net buyers in 60% or 30 Nifty stocks and reduced holding in 40% or 20 stocks in June