“The whole penetration story continues to play in the mutual fund industry and this is one of the reasons that is driving flows through the SIP route. Besides, SIP has become an alternative investment avenue, and has done well over a 3-year period,” said Sameer Bhise, banking analyst at JM Financial Institutional Securities.
Negative Breakout: These 9 stocks cross below their 200 DMAs
In the Nifty500 pack, nine stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 21, according to technical scan data from StockEdge.