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Mutual fund SIP inflows surge 10% to surpass Rs 23,000 crore for the first time
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SIP inflows surged by 10%, surpassing the Rs 23,000 crore mark for the first time.
According to the latest data from AMFI, monthly SIPs rose from Rs 21,262 crore in June to Rs 23,332 crore in July.
The total assets under management (AUM) of MFs rose 6% to Rs 64.69 lakh crore in July against Rs 60.89 lakh crore in June.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-112396126»> The net inflows in equity MFs were down by 9%, whereas debt MFs received inflows in July.
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