India's monthly SIP investments hit record ₹32,490 crore despite weak stock markets
- India's monthly Systematic Investment Plan SIP contributions reached a record ₹32,490 crore in September, according to industry data.
- Investments rose from ₹32,297 crore in August and ₹29,361 crore last September, marking an 11% yearly increase.
- The record came despite weak stock markets and continued selling by foreign investors, showing steady interest in mutual funds.
- Equity mutual funds attracted ₹38,307 crore, up 31% from August, while small-cap funds received the highest inflows of ₹9,039 crore.
Source: reuters.com
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