New record in SIP sector: Rs. Investment of over Rs 8000 crore

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Ahmedabad. 15 June 2020, Monday

Despite the volatility in the Indian stock market in the wake of the Corona epidemic, the SIP (Systematic Investment Plan) in the mutual fund sector also lost Rs. More than Rs 2,000 crore was raised.

The Indian stock market continued to fluctuate during the month of May. During the proposed period, foreign investors also invested Rs. 2 crore was withdrawn. On the other hand, funds in the mutual fund sector also declined to Rs. 3 crore.

Despite all these adversities, investors continue to invest in the SIP sector during the month of May, this time as before. More than Rs 2,000 crore was invested. In the month of May, Rs. 215 crore was disbursed. However, Rs. It was less than Rs 3 crore.

It may be mentioned here that in the last 12 consecutive months, Rs. More than Rs 5,000 crore has been raised, which is a new record. In the last 12 months, last March, the highest Rs. 21 crore were disbursed. While last June 2016, the lowest was Rs. 215 crore was disbursed.

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