News From Press MF investors pulled out record Rs 11K crore from SIPs in Dec 2023

MF investors pulled out record Rs 11K crore from SIPs in Dec 2023

Source: Business Standard Jan 25, 2024

Mutual fund (MF) investors have pulled out over Rs 11,140 crore from systematic investment plan (SIP) accounts in December 2023. The intensified redemption pressure came amid profit-taking by investors following a sharp market rally. The net SIP inflows came in at Rs 6,470 crore after offsetting the outflow from gross inflows of Rs 17,600 crore.Last month, the equity market registered its best monthly performance in 18 months with the Sensex and the Nifty rising over 7.8 per cent.
The broader market Nifty Smallcap 100 index rose 7 per cent, extending its two-month gain to 20 per cent.

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