New SIP accounts hit another high in September, help keep the rally going

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ET Intelligence Group: Registration of new systematic investment plans (SIPs) continues to grow at a robust pace, and this is helping local funds expand their dominance, which in turn is powering the stock market rally. New SIP account registrations increased to a record 2.68 million in September 2021, according to data from the Association of … Read more

Mutual fund investors seek ‘balance’, cut back on equity bets in August

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Flows into equity mutual funds dipped sharply in August compared to the previous month, as investors made fresh allocations to a new fund offer (NFO) of SBI Balanced Advantage Fund, which invests in a mix of equity and debt. Equity mutual funds saw inflows of ₹8,667 crore in August, sharply lower than the previous month’s … Read more

Metals & inflation to decide where does Dalal Street go from here

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Markets continued to witness pressure this past week after a fairly bullish run during the week before. The rangebound movement continued yet again, amid indecisiveness among the institutional players and inflation worries coming in from the developed countries. US markets continued to witness profit taking mainly because of inflation spooking investors, and Indian indices bore … Read more

Gold disappoints in 2021, but rising inflation may bring back demand

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Kolkata: Gold, one of the top performing asset in 2020, has fallen 20 per cent since August last, disappointing investors, though fund houses and experts said that given the monetary stimulus globally, inflation is likely to edge higher on account of higher agri and commodity prices and the yellow metal will act as a hedge … Read more

mutual fund outflows: Most mutual fund categories continue to witness net outflows in August

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Most mutual funds categories witnessed net outflows in August as cautious investors continued to sell their investments and held on to cash, probably to tackle the uncertain environment created by the Covid pandemic. August marked the fifth straight month of fall in inflows in the equity mutual funds, shows monthly data from Amfi. Net outflows … Read more

Gold ETF inflows soar 86% to Rs 921 cr in July

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New Delhi: old ETFs witnessed an inflow of Rs 921 crore in July, a surge of 86 per cent from the preceding month, as new investors rushed to add the precious metal in their portfolios in view of higher prices. With this, net inflow in a gold exchange traded fund or ETF category has reached … Read more

Net outflows in equity mutual funds due to profit booking, say analysts

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Mutual fund investors are selling their investments in equity mutual funds and they are not in a hurry to invest in equities anymore, shows Amfi data. Reflecting the trend, the equity mutual fund categories saw net outflows of around Rs 2480 crore in July. “This could be largely attributed to investors booking profit, given the … Read more

Equity MFs see first monthly outflow in 4 years: Amfi

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NEW DELHI: Equity mutual funds saw the first monthly net outflow in four years as investors preferred to book profits instead of staying invested, a sign that reflects declining cash flows of households and fear of a crash in the market. Amfi data released for the month of July said investors withdrew a net Rs … Read more