News From Press Modest rise in net SIP inflows in FY24 owing to jump in redemptions by 54%

Modest rise in net SIP inflows in FY24 owing to jump in redemptions by 54%

Source: BS Apr 18, 2024

Even as gross inflows through the systematic investment plan (SIP) route rose 28 per cent in 2023-24 (FY24), net SIP inflows grew by a modest 4.9 per cent owing to a sharp jump in redemptions.

Mutual funds (MFs) raked in Rs 87,971 crore net SIP inflows in FY24 compared to Rs 83,873 crore in 2022-23 (FY23).

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