Equity-oriented mutual fund (MF) schemes in January had their seventh straight of outflows. Since July, over Rs 42,200 crore has flown out of the equity segment, which is a more profitable compared to debt. The outflows seem worrying, but the Rs 30-trillion MF industry is getting stronger when it comes to systematic investment plans (SIPs), where an investor commits to invest a fixed sum every month instead of making a lump sum investment. The industry in January registered over 1.6 million SIPs, 58 per cent more than the previous nine-month average.
Nine big financial changes that you must watch out for in October
Read More
