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.

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