“Monthly SIP contribution, SIP AUM, SIP folios, overall mutual fund folios, and AUMs, all at an all-time high coupled with continued positive flows in most categories of mutual fund schemes, signify rising and informed investment preference towards mutual funds. Investors continue to stay fully invested and also adhere to goal-based investing,” said AMFI CEO N S Venkatesh.
Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New