Tag: Systematic investment plans
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Equity Mutual Funds Experience 6-Month Low in May as Investments Drop
Investors in India withdrew $475m from equity mutual funds, but invested record-high INR14,749 crore in systematic investment plans in May. Large-cap funds struggled to beat benchmark, prompting investors to turn to passive funds. Meanwhile, surplus liquidity in the banking system caused corporates to park funds in liquid funds that returned 7%.
India Mutual Fund Inflows Dip by Half in May; SIP Contributions Reach All-Time High according to Industry Data
Indian equity mutual funds saw a 50% drop in inflows in May. However, systematic investment plans offset the decline, with record contributions of INR147.49bn and 1.05 million new SIP accounts opened. Small-cap funds garnered most of the investments, while large-cap funds experienced outflows. Despite the decline, the Nifty 50 index rose 2.6% due to steady foreign inflows.
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Equity Mutual Funds Experience 6-Month Low in May as Investments Drop
Investors in India withdrew $475m from equity mutual funds, but invested record-high INR14,749 crore in systematic investment plans in May. Large-cap funds struggled to beat benchmark, prompting investors to turn to passive funds. Meanwhile, surplus liquidity in the banking system caused corporates to park funds in liquid funds that returned 7%.
