In September, equity mutual fund inflows dropped by 10%, but SIP contributions increased by 4% to over Rs 24,000 crore. New SIP registrations reached 6.6 million, with a total SIP AUM at an all-time high of Rs 13.81 lakh crore. The mutual fund industry saw record figures in folio count and investor base.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next