News From Press SIP account redemptions rise to 11-mth high as investors dip into savings

SIP account redemptions rise to 11-mth high as investors dip into savings

Source: Business Standard Oct 27, 2022

Retail investors seem to have dipped into their mutual fund savings to meet pre-festival spending. According to data released by the Association of Mutual Funds in India (Amfi), investors pulled out Rs 6,578 crore from their systematic investment plan (SIP) accounts in September, the highest in the last 11 months.

Read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Beyond college funds: Why parents need to invest for a skills-first future

Insurance in India has made significant strides: General insurance CEOs

Your bets on multi-asset allocation funds must factor in equity play

Insurance Amendment Act to boost growth, promote inclusion: Insurance CEOs

Mutual funds: Amid market correction, experts upbeat about these sectors and themes

Year-end portfolio rebalancing: Are you on track?

You're doing SIPs, but are you doing it smartly?

Looking for predictable returns in fluctuating interest rate market? Check out target maturity funds

Alternative investment funds gain currency as fundraise tops Rs 5 trillion

Big insurance overhaul: Draft ready, new India cover story awaits green light

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS