Sunday, May 26, 2024

Ads by Google

Ads by Google

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

Welcome To Latest IND >> Fastest World News CBSE Revaluation 2024: The Central Board of Secondary Education (CBSE) has begun the revaluation process for...
HomeBusinessMonthly SIPs hit new high in February

Monthly SIPs hit new high in February

MUMBAI: Boosted by strong



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.


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.