Investment In Mutual Fund: Heavy selling is being seen in the stock market. Despite this, investment in equity mutual funds has increased. Investment in equity mutual funds has increased by 130 per cent in the month of September to Rs 14,100 crore from Rs 6,100 crore in August. This information has come to the fore in the data released by the Association of Mutual Funds in India (Amfi).
According to the Association of Mutual Funds in India, there has been an increase of 2 percent in the investment made through SIP (Systematic Investment Plan) and it has increased to Rs 12,976 crore. Whereas an investment of Rs 12,693.45 crore came in the month of August. This is when the stock market saw a period of profit-booking in the month of September and Nifty had slipped down to 3 per cent. According to Amfi CEO NS Venkatesh, India is the best place for investment amid the fear of recession in the whole world. This is the best time to invest in equities in India and investors are doing the same.
In the month of September, the number of SIP accounts has reached the highest level of 58 million so far. Whereas an investment of Rs 12,976 crore has come through SIP i.e. it is on the verge of touching Rs 13,000 crore. The number of mutual folios has gone up to 13.8 crore, of which the number of retail folios is 11 crore.
However, the outflow in the debt scheme has increased in the month of September. 65,000 crore has been withdrawn from debt schemes in the month of September. At the same time, the asset under management has increased by 0.87 percent to Rs 39.87 lakh crore in the month of September.
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