Systematic investment plans (SIPs) may be on a break. The wobbly stock markets appear to have rattled retail investors, who until now have been pouring large sums of money into equity mutual funds through monthly instalments.
Flows into equity MFs through SIPs dipped by Rs 420 crore in April, the most for a month in two years, from a record Rs 7,110 crore in March.
Wealth managers said the recent weakness in the market, which eroded the value of equity holdings, could have prom ..