According to the data from the Association of Mutual Funds in India (AMFI), the share of SIP linked AUM in the total mutual fund (MF) industry AUM expanded to record 16.1% in July compared with the long-term average of 11%.
With the Q4 earnings season picking up pace, the companies are also rewarding their shareholders with dividends for the financial year 2024.
The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss.
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