SIP: Record additions of new SIPs give local funds added muscle

SIP: Record additions of new SIPs give local funds added muscle

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Robust flows have allowed domestic institutional investors to own 16.05% of NSE market capitalisation at the end of the March quarter, reflecting market share gains of a fifth of one percentage point.

Synopsis

Registration of gross SIP accounts, the preferred route for small investors to invest in equities, rose to a record of 6.36 million in April, data from the Association of Mutual Funds in India (AMFI) showed.

ET Intelligence Group: New retail investors are increasing their bets on equities at a record pace in contrast with institutional investors, who appear to be trading with visible circumspection through the biggest democratic exercise in the world’s most populous country.Registration of gross SIP accounts, the preferred route for small investors to invest in equities, rose to a record of 6.36 million in April, data from the Association of Mutual

BY

ET Bureau

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