Mutual funds’ SIP collection soars to Rs 1.66 lakh crore in 2023; lower ticket size to push inflow

Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi’s decision to lower the ticket size to Rs 250 will further boost investment.

The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI).

Going ahead, Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, anticipated a sustained and healthy year-on-year growth in overall SIP participation.

Market rally leads to higher regulatory fees for stock exchanges…

Share Market Highlights- Nifty settles above 19650, Sensex above 65,750; Bank Nifty gains more than 300 points

Share Market News Today | Sensex, Nifty, Share Prices Highlights:  The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 soared 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93.The broader indices ended largely in positive territory, with gains led by Midcap and Smallcap. Bank Nifty index jumped 310.45 points or 0.75% to settle at 44,201.70.Realty and IT stocks outperformed among the other sectoral indices while Oil&Gas, Auto and Financial services stocks gained. Eicher Motors, Tech Mahindra, Hindalco Industries, Infosys and Tata Motors were the top gainers on the NSE Nifty 50, while the laggers included Bajaj Finance, Power Grid Corporation, IndusInd Bank, Dr Reddy Labs and Cipla. The Indian Volatility Index (India VIX) closed down by 0.46 %.

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