Debt schemes account for 2% of the net inflows, passive schemes 8%
Investors pulled out around Rs 6,580 crore from their SIP accounts in MF schemes for the pre-festive splurge
But their share in SIP AUM hasn't grown proportionately; 'regular' plans still dominate despite higher expense ratio
Limit investments in this space to 10-15% of your corpus, though; pay attention to fund size
Experts say recent returns are a huge factor impacting incremental inflows into the market
The figure is 18% below monthly average for the year; However, sustained inflows into SIPs endured for 16th straight month
Brokers will not be allowed to accumulate investors' funds; investors have to verify their personal details online
In May, 1.97 million new SIPs got registered - nearly 15 per cent lower than the previous five-month average of 2.3 million - reveals the data provided by Amfi
It surpassed its all-time highest monthly record of 1.96 crore transactions achieved in March, while number of such transactions was 1.94 crore in April, the exchange said in a statement.
In the past year, large-cap funds on average have given returns of 26.45 per cent, while mid-cap and small-cap funds have given returns of 29.5 per cent and 40.4 per cent, respectively
Amfi data shows that in February, 2.34 million new SIP accounts were opened compared to 2.65 million in January
Report sats 5.9 million women investors hold 14 million folios and assets under management of Rs 4.5 trillion
In September, there were around 38 million active or live SIPs equity accounts
Profit booking in rising markets seen as one of the main reasons for high discontinuation
Expert advice on how to many the most of your systematic investment plans
Investment in mutual funds through systematic investment plans dropped to a 31-month low of Rs 7,302 crore in November amid challenging economic environment. However, investment through the Systematic Investment Plans (SIPs) route had risen in October after six months of continuous decline. The 44-player mutual fund industry witnessed an inflow to the tune of Rs 7,302 crore through SIPs in November as compared to Rs 7,800 crore in the precedingmonth, data from the Association of Mutual Funds in India (Amfi) showed. This was the lowest-level since April 2018, when the investment through the route wasRs 6,690 crore. Since the last three days of November were non-business days, a significant amount of SIP flows might not be reflected in the official numbers. It is also significant to note that there has been a healthy addition of 3.39 lakh SIP accounts in November. Fund collection through SIP was Rs 7,788 crore in September, Rs 7,791 crore in August and Rs 7,831 crore in July. It dr
Sixty two per cent of mutual fund distributors (MFDs) reported that they saw some pause (58 per cent) or widespread pause (4 per cent) in SIPs
While this will help investors become more disciplined in saving for their retirement, the transaction charge could be a concern for those investing small amounts
Switching from one scheme to another is treated as transfer and is subject to capital gains tax
'Markets have generally been more expensive than the historical averages for some time now', said Parekh