In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased volatility due to an increase in SIP discontinuations, rising by thirty-one percent. This trend outpaced new account registrations. Despite cooling growth in contributing SIP accounts, net SIP inflows saw a healthy twenty-one percent rise compared to last year, totaling ₹32,297 crore.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting