Mutual fund SIPs steady even as sensex slumps
Retail investors continued to invest in mutual funds throughout January, despite volatility in the stock market. Monthly SIP inflows remained high at over Rs 26,000 crore. However, a reconciliation process led to a reduction in SIP accounts and total assets under management. Investors showed a preference for hybrid funds over thematic schemes due to uncertain market conditions.
Retail investors continued to invest in mutual funds throughout January, despite volatility in the stock market. Monthly SIP inflows remained high at over Rs 26,000 crore. However, a reconciliation process led to a reduction in SIP accounts and total assets under management. Investors showed a preference for hybrid funds over thematic schemes due to uncertain market conditions. What's Your Reaction?
