Wed, Jun 12, 2024
As per Association of Mutual Funds in India (AMFI), a large and mid cap mutual fund needs to invest 35 per cent of its investments in large- and mid-cap companies. To take full advantage of this rule, fund managers shift more money to the cap that is doing better under a particular market condition.
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Mon, Jun 10, 2024
SIP contribution stood at an all-time high of Rs 20,904.37 crores in May 2024 as against Rs 20,371.47 crores in April 2024. The number of SIP accounts stood at highest ever at 8,75,89,485 in May 2024 compared to 8,70,11,401 in April 2024.
Tue, Apr 30, 2024
SIP provides rupee cost averaging, which means you purchase a net asset value (NAV), or unit, at a different price every investment cycle. When the market is low, the price of NAV is low, when the market is high, the price is high.
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