mutual fund investing

Mutual funds: SIP contributions jumped 28% to nearly ₹2 lakh crore in FY24, shows AMFI data

by
Mutual funds: SIP contributions jumped 28% to nearly ₹2 lakh crore in FY24, shows AMFI data

Thanks to the ongoing bull run, total inflow into equity mutual fund schemes during the fiscal year 2023-24 touched ₹1.84 lakh crore. Significantly, total inflow into all the mutual fund schemes via systematic investment plans (SIPs) stood at ₹1.99 lakh crore, 28 per cent higher than ₹1.56 lakh crore recorded in the preceding financial year. … Read more

Mutual Funds: Net AUM declines marginally to ₹53 lakh crore in March, shows AMFI data

by
Mutual Funds: Net AUM declines marginally to ₹53 lakh crore in March, shows AMFI data

The mutual fund (MF) industry’s net assets under management (AUM) declined by 2 per cent to ₹53,40,194 crore at the end of March 2024, as against ₹54.54 lakh crore as on February 29 this year, data released by the Association of Mutual Funds in India (AMFI) reveals. The number of new SIPs registered in March … Read more