Record made in Equity Mutual Fund: Last month i.e. October Equity Mutual Fund A record investment of Rs 41,887 crore has come in India.
September had seen an inflow of Rs 34,419 crore. This is an increase of more than 21 percent on a monthly basis. This achievement is special because foreign investors have sold heavily during this month. Earlier in June, Rs 40,608 crore was invested in equity plans.
Monthly contribution from SIP at the highest level of Rs 25000 crore
Additionally, monthly contributions from SIPs rose to an all-time high of Rs 25,323 crore in October, compared to Rs 24,509 crore in September.
The number of retail folios has reached a historic level of 17.23 crore. The number of SIP accounts has now crossed 10.12 crore.
Growing attraction towards mutual funds
According to data released on Monday by the Association of Mutual Funds in India, this is the 44th consecutive month of net inflows into funds investing in stocks, reflecting the growing attractiveness of mutual funds among investors. .
A large section of young adults prefer to invest directly in the stock markets rather than going the mutual fund route. According to a report by Fin One, an initiative of financial technology brokerage firm Angel One, 93 percent of young adults save consistently, with most of them saving 20-30 of their monthly income.
According to the report, shares are his favorite investment option. 45 percent of the people surveyed preferred these over more traditional options like fixed deposits (FD) or gold.
