HCL Technologies, Wipro, UPL, Eicher Motors, and Titan were among the top 5 Nifty stocks that saw net buying by mutual funds.
Equity AUM (including ELSS and index funds) of domestic MFs rose by 3.7% MoM to Rs 13.3 lakh crore in September 21, led by a rise in market indices.
The strong growth in new SIP registrations has helped MF houses expand their dominance, which in turn is fuelling the surge in the stock market.
Given the movement of interest rates, the flood of SIP in mutual funds might have come to stay.
Mutual funds news: The month of August saw notable changes in the sector and stock allocation of funds.
The KYC of the parent must be completed and a bank account in the name of the child is also required.
Here's a glimpse of Money9’s video line-up for September 11. Get latest updates in the Personal Finance space and what's buzzing in Dalal Street
Here's a glimpse of Money9’s video line-up for September 9. Get latest updates in the Personal Finance space and what's buzzing in Dalal Street
Due to lack of expertise, many investors lack confidence in taking the financial market route to channelise their investments in the right manner.
Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July