Equity schemes garnered ₹29,303 crore in February compared with January’s ₹39,688 crore. Investments through monthly systematic investment plan (SIPs) fell marginally to ₹25,999 crore from the previous month’s ₹26,400 crore.
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52
The mutual fund SIP stoppage ratio rose to 122.76% in February, up from 109.15% in January, as more investors discontinued SIPs than started new ones.
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