A large number of mutual fund investors are redeeming their existing investments since April this year as they moved in to book profits following a jump in stock markets and the benchmark indices rose by around 14 per cent.
At the same time, however, investors continued with their ongoing investments as the investments through Systematic Investment Plans (SIPs) have been on the rise. With a total contribution of Rs 15,244 crore, the SIP contribution hit an all-time high in the month of July. During April-July 2023, SIP contribution stood at Rs 58,455.73 crore.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in