 "MFs post 3x surge in equity flows in Dec, SIP contribution at all-time high")
The mutual fund (MF) industry saw a sharp bounce in equity flows in December, with equity schemes garnering Rs 4,499 crore of flows or 3.4x last month’s tally. The contribution through systematic investment plans (SIPs) touched an all-time high of Rs 8,518 crore, continuing its steady growth month-on-month.
The jump in flows comes after a 78 per cent decline in November, the second-lowest tally seen in 39 months.
Industry players were relieved and hoped this could be beginning of a sustainable recovery. "If we continue to see further improvement next month, then we can conclude that November's figures were an
