Investment Plan News

In the 4th episode of Guru Portfolios, we speak with Rajeev Thakkar, the CIO of PPFAS Mutual Fund. Thakkar uses a fun analogy to give investors some key advice - while driving, we always look forward, rarely into the rear-view mirror. Why not do the same instead of constantly analysing past returns? 'Evaluating your risk appetite, doing proper asset allocation and staying the course in investing is more important than constantly tweaking your portfolio', he says. Watch the full episode!

The number of SIP accounts soared to a record high of 7.92 crore in January this year, marking a substantial increase year-over-year.

As we step into 2024, the Indian stock market unfolds a captivating terrain for novice investors, with the mutual fund sector providing a diverse range of prospects for wealth generation.

In a bullish market where stock prices surge uniformly, it is recommended to increase the SIP inflow to acquire the same quantity of mutual fund units that could be purchased with a lower amount.

SIPs have become a pivotal catalyst for the mutual fund industry, witnessing consistent growth over the past two years. Starting at Rs. 4,100 crores in January 2017, monthly SIP inflows surged to approximately Rs. 17,600 crores by December 2023.

Unveiling the week's highlights: Top newsmakers and market performances in the recap ending January 12, 2024.

The total number of SIP accounts touched 7.63 crore in December 2023, out of which, 40.3 lakh were added in one month alone. It was for the first time that 40 lakh new SIP accounts were added in a month.

While it took almost 50 years for the mutual fund industry to build the first ₹10 lakh crore of AUM, the last ₹10 lakh crore, from ₹40 lakh crore to ₹50 lakh crore, was amassed in just a little over a year.

Most of the mutual fund inflows were seen in equity funds. With ₹16,997 crore added to equity mutual funds in December, total inflows into equity schemes touched a whopping ₹1,61,573 crore during the calendar year 2023.

During the period April-November 2023, SIP contributions stood at ₹1,24,313 crore, almost 24 percent higher as compared to ₹1,00,581 crore recorded during April-November 2022 period.