August MF SIP inflows at record 15,800 crore with 36 lakh new accounts
Monday, 11 September 2023 Mutual fund inflows in India reached a new all-time high in August, with monthly inflows through systematic investment plans (SIPs) surpassing Rs 15,800 crore ($2.2 billion). Nearly 36 lakh new SIP accounts were opened during the month, pushing the total number closer to the 7-crore mark.
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On Friday, the Reserve Bank of India (RBI) said that the total value of ₹2,000 banknotes that had been returned stood at ₹3.32 lakh crore as of August 31, 2023. With this, the total value of..