Net SIP inflows subdued in H1 2024 as redemptions outpace investments

Quick Summary:

However, the net SIP inflows registered only a 25 per cent growth at Rs 52,016 crore in the same period.

In June, the redemptions from systematic investment plan (SIP) accounts stood at over Rs 10,000 crore for the seventh straight month.

In the first half of 2024, mutual funds launched 30 active equity schemes, compared to 51 in the entire 2023.

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Category: BusinessFinance

Markets: India

Topics: Equity redemptions Stock market trading SIP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 18:34:43 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21628476

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