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
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
Low duration funds, overnight funds and liquid funds witnessed healthy net inflows in June
The unique investor participation in the mutual fund industry stood at 2.39 crore holding around 10.25 crore folios across 1,554 mutual fund schemes