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CBSE Class 10, 12 Revaluation 2024: How to check updated marks, expected result date and more

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HomeBusinessMonthly SIPs hit new high in February

Monthly SIPs hit new high in February

MUMBAI: Boosted by strong

inflows

from

retail investors

, money into

mutual fund schemes

through the

systematic investment plan

route in Feb topped the Rs 19,000-mark for the first time while total number of

SIP accounts

stood at Rs 10.5 lakh crore, also a new all-time record.

sip

At Rs 19,187 crore, gross monthly inflow was about Rs 300 crore more than the Rs 18,838 crore recorded in Jan, figures released by industry body Amfi showed.

Feb also saw the total assets managed by the MF industry scale a new peak at Rs 54.5 lakh crore. The total assets that have come through the SIP route over the years also reached a new high at Rs 10.5 lakh crore, Amfi data showed. Net inflows through the equity route during the month stood at Rs 26,866 crore – the highest such figure in the last 22 months.