SIP flows hit record Rs 25,ooo crore 6 months after crossing Rs 20,000 crore

Quick Summary:

Indian investors remained bullish on mutual funds, pouring a record Rs 25,323 crore through SIPs in October, despite a volatile stock market.

This pushed the total number of SIP folios past the 10 crore mark.

While equity funds saw net inflows for the 44th straight month, debt funds gained nearly Rs 1.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChinaNew Zealand

Topics: Investment trends in India Debt funds October 2023 Mutual Funds Gold ETFs Financial inclusion Business news Equity funds net inflows SIP inflow record

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 03:12:45 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23530074

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