MARKET OVERVIEW :
YES, IT IS HAPPENING- MF SIPs SCALE NEW HEIGHTS-
IT’S TIME TO START INVESTING IN MF SCHEMES!
The Global headwinds being what they are due to year-lasting Russian- Ukraine war,
aggrevated by the new war between Israel and Palestine, the investors in India are not just bothered, driven by high sense of opptimism, are plunging into MF- SIPs in a big way, as evidenced by the current data being flashed in the media with a lot of fanfare and one could not just brush it aside.
The share markets are strong and stable despite the small war aberrations and in Sep domestic retail investors pump in money into equities through MFs as per AMFI press release. SIP subscription has touched an all-time figure of Rs 16,000 crores. The sensex in Sep. has rallied for 11 consequtive sessions despite Global uncertainties. Nifty too touched 20,000 mark. and slided later.Despite FIIs withdrwals, DIIs drive the markets. MF industry is now having more than 4 cr. investors on its fold with Rs 16,042 cr inflow in Sep 2023. Most remarkable news is that the equity heavy MF schemes focussing on Small cap and Mid-cap were star attraction for the investors with Rs 2678 cr and Rs 2001 cr respectively and large cap Funds showed a minor outflow of Rs 111 Cr. The thematic funds have shown strongest flows with the net at Rs3147 crs.
So investors are advised to take advantage of this positive inference and start their MF account without any further delay.
Reach Goodwill Wealth Management P Ltd for all our market related professional services !
Click to open an Account : https://ekyc.gwcindia.in/client/