SIP DISCONTINUED
Average SIP ticket size rises 2% in May to Rs 2,387
The average SIP ticket size has increased by 2% on a month-on-month basis to Rs 2,387 in May from Rs 2,341 in April. On a yearly basis, the same increased by 6% from Rs 2,259 in May 2023, according to a report by Geojit Insights.
SIP SIP Stop: Account closures at new high with tighter regulation
The SIP stoppage ratio reached a record high of 0.88 in May 2024, as per AMFI data, indicating closures surpass new additions.
SIP discontinuation aggravates in May amid regulatory changes, lower NFOs
The SIP stoppage ratio, which indicates how many SIPs were closed for every new account, reached a record 0.88 in May 2024 compared with the long term average of 0.51 according to the data from the Association of Mutual Funds in India (AMFI).
HDFC Mutual Fund resumes subscriptions in HDFC NIFTY Realty Index Fund
HDFC Mutual Fund resumes subscription in HDFC Nifty Realty Index Fund, managed by Nirman Morakhia and Arun Agarwal, accepting lumpsum and systematic transactions from June 11.
MF Query: Rs 50,000 SIP per month with 10% step up can create nearly Rs 5 crore corpus in 15 years
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Can't pay mutual fund SIP? Missing SIP installment attract hefty penalty; how to decide when to pause or stop SIP
Mutual fund SIP: What happens when you miss your mutual fund SIP installment due to insufficient balance? Do you have to pay a penalty if you don't have money in your bank account to pay your SIP installment? If you can't afford to continue a SIP, should you pause it or exit — how can you make that decision? ET Wealth Online spoke to several experts to find out how to decide when to pause your SIP and when to stop it.
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Average SIP ticket size rises 2% in April to Rs 2,341
April saw a 2% increase in average SIP size to Rs 2,341, with record-high inflows of Rs 20,371 crore. Despite a surge in new SIP registrations, the number of discontinued SIPs also hit a record high. SIP AUM grew by 57% year-on-year.
No reason to panic regarding election outcome: Aashish Somaiyaa
Aashish Somaiyaa, CEO of White Oak Capital AMC, discusses market behavior amidst economic momentum and upcoming elections. He reflects on historical market reactions to changes in leadership, emphasizing the market's preference for continuity during strong economic momentum. Somaaiyaa also says he has never seen a bubble where Nifty CAGR across time horizons is 14-15% compounded.
Aditya Birla Sun Life Mutual Fund introduces daily SIP facility in 30 schemes
The fund house said that under daily SIP, the investor can invest a fixed amount into the scheme on a daily basis. The minimum amount under daily SIP shall be Rs 100 and in multiples of Re 1 thereafter with minimum 60 instalments.
Fintechs cornering SIP business as direct mutual funds gain ground
Data from last year, sourced from asset management companies, showed that on an average SIPs through platforms such as Groww, PhonePe and ET Money ranged between Rs 1,500 to Rs 2,500 against Rs 5,000 for traditional firms.
SIP AUM rises 6.94% to Rs 9.95 lakh crore in December
The average asset under management (AAUM) for mutual funds in December stood at Rs 51.09 lakh crore compared to Rs 48.74 lakh crore in November.
Can I create a corpus of Rs 2 crore by investing Rs 60,000 every month?
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Does rupee cost averaging really work for SIP beyond a point? Rethink your strategy
Rupee cost averaging, the cornerstone of Systematic Investment Plans (SIPs), may not remain effective in optimizing returns as accumulated amounts grow. The impact of regular SIP contributions on a larger portfolio tends to dilute, reducing the effectiveness of the strategy. Additionally, constantly relying on SIPs may lead to missed opportunities to make lump-sum investments during market downturns that could yield higher returns in the long run.
SIP closures rise 7.4 percent month-on-month in May
The higher number of SIP registration than discontinuation shows investors' continued confidence in the route, DP Singh, Deputy MD and CBO at SBI Mutual Fund, said.
HDFC Defence Fund stops lumpsum, caps SIP flows
HDFC Mutual Fund has also imposed restrictions on the maximum investments through systematic investment plans (SIP) into the scheme, limiting them to Rs 10,000 per investor per month.
Lower returns from equities prompt investors to stop SIPs
Trailing 12-month return of Sensex dropped to 1.3% in middle of March from 4.4% as of the last trading session of 2022
Retail investor puzzled by mkt volatility? SIP flows slow down but stay above Rs 13K cr in Feb
“Though markets remain volatile, retail investors seem to be more attracted towards mutual funds..Valuations in small caps have reached an attractive level and the same has been reflected in a better inflow of Rs 2,246 crores in the segment,” Kumar, head of investment advisory at Geojit Financial said.
Many cancel equity SIPs as returns fall, others keep pouring in money
The previous cancellation peak of 12.5 lakh was in January 2022. The average monthly discontinuation was 10.82 lakh in the past 12 months. The 12-month rolling return of the Sensex fell to a measly 0.5% in December compared with 2% a year before.
Equity mutual fund inflow plunge 76% in November but SIP inflows at record high
However, the SIP book had a different story to tell. In November, the SIP inflow was at an all-time high at Rs 13,307 crore vs Rs 13,040 crore recorded in October. It was for the second straight month that the SIP flow was above Rs 13,000 crore mark.
New rules to secure online mutual fund transactions
As online brokers and distributors set up the new system, ET takes a look at what could change for investors who use various stock brokers and online platforms to transact in mutual funds.
Mutual fund industry's asset base rises 14% to Rs 37.75 lakh crore
According to Association of Mutual Funds in India (Amfi) data, the industry's average AUM rose to Rs 37.75 lakh crore in the quarter ended June 2022 from Rs 33.2 lakh crore at the end of June 2021.
Mutual fund SIPs will stop for Paytm Money investors if KYC not done by this date
Here is a look at important information regarding completion of KYC, what happens if you do not do it by the deadline, and more.
3 key investment lessons to learn from the first three months of 2022
A correct mix of equity, debt, gold, and even cash, for that matter, to be held in the investment portfolio, serves as a strategy in itself to reduce the risk and clock optimal returns.
Mutual funds for son’s higher education
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Should I continue with Mirae Asset Emerging Bluechip Fund?
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New SIP accounts hit another high in September, help keep the rally going
Registration of new systematic investment plans (SIPs) continues to grow at a robust pace, and this is helping local funds expand their dominance, which in turn is powering the stock market rally. New SIP account registrations increased to a record 2.68 million in September 2021, according to data from the Association of Mutual Funds in India (AMFI). It was nearly 2.5 times higher than the long-term average.
Sensex at 60,000: Is this the right time to stop your equity mutual fund SIPs?
Financial advisers often argue that there's no right time to start an SIP. But ending the SIP is another matter altogether. As markets hit new highs, some investors may be planning to stop their SIPs. Find out if this will be the right step.
SIP collections drop to Rs 96,000 cr in FY21 amid pandemic-led disruptions
The Mutual fund industry saw its collections through SIPs dropping by 4 per cent to Rs 96,000 crore in the 2020-21 fiscal, as COVID-19 induced lockdowns led to income uncertainty.
Should I discontinue SIP in Aditya Birla Sun Life Pure Value Fund?
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