News From Press Outflow rise from SIP accounts in H1CY24 slows growth in net inflows

Outflow rise from SIP accounts in H1CY24 slows growth in net inflows

Source: BS Jul 16, 2024

At a time when gross systematic inflows into equity schemes are rising, redemptions are also on an upward trajectory — a sign that incumbent investors are taking money off the table even as the relentless rally brings in new investors. In June, redemptions from systematic investment plan (SIP) accounts stood at over Rs 10,000 crore for the seventh straight month.

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