Groww added over 4.7 million new SIPs in July-September, accounting for 50% of the total industry SIPs in that timeframe. Younger investors and women contributed significantly to this growth. SIPs made up 86% of mutual fund investment volume on Groww’s platform, with an average SIP value per customer exceeding INR 6,000.
Tech view: Nifty faces resistance from short-term moving averages, forms small negative candle. How to trade tomorrow
After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200,