Tag: inflows

MUMBAI: Monthly inflows into mutual fund schemes through the systematic investment plan (SIP) route scaled a new all-time high mark at just over Rs 15,800-crore in August as nearly 36 lakh new SIP accounts were opened during the month, also a new peak. As India's fundamental factors gave enough comfort to investors about the strength of the economy and the markets, they continued to invest in MF schemes with a long-term view, industry players said.In August, as 35.9 lakh new SIP accounts were opened, the total number inched...