SIPs hit a new high in November, exceeding ₹17,000 crore

The net inflow to equity mutual funds fell to ₹15,536 crore in the month of November from ₹19,957 crore in October, revealed the AMFI (Association of Mutual Funds in India) data for the month of November.  The number of systematic investment plans (SIPs) exceeded ₹17,000 crore for the first time. The SIP book for the …

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Why Sebi needs to redefine the scope of large-cap and mid-cap mutual funds

Over the last few months, large-cap funds have seen sizeable outflows, while mid-cap and small-cap funds have been witness to robust inflows. As per the October 2017 definition of market regulator Securities and Exchange Board of India, large-cap funds could invest in companies with a market-cap of over ₹29,000 crore; however, as the market expanded, …

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