SIP continued to break records for the seventh month in a row as it touched lifetime highs of Rs 10,518.53 crore in October 2021.
FPI investments in Indian equities stood at $592 billion, which was considerably higher than the $552 billion recorded in the previous quarter
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
When it comes to India, the sustainable fund market is still in its nascency, and that trend was reflected this year
The numbers of new SIPs registered in June 2021 jumped to 21.29 lakhs, while SIPs discontinued, or tenure completed stood at 7.62 lakhs
Sectoral or thematic funds received 50% of inflow (Rs 1,705.14 cr) in open-ended equity-oriented schemes.
SIP contribution in March 2021 has reached the pre-covid levels.
SIP AUMs and retail equity folios are at an all-time high at Rs 4.21 lakh crores and 8.07 crore respectively.