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Bloomberg Quint

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Image Credit: Bloomberg Quint

Money Wise: Tactical Investments Take A Backseat; SIPs Hold Steady

  • The equity markets experienced a 0.8% fall in the benchmark after four sessions of low-volume trade, giving relief to market watchers.
  • Mutual fund inflows through systematic investment plans (SIPs) hit a record high of over Rs 27,000 crore in June, surpassing the previous month's record.
  • Investors are cautious about sectoral and thematic schemes as some sectors show signs of overheating, leading to redemptions and a rise in SIP folios.
  • Inflows into gold exchange traded funds reached a five-month high amid uncertainty caused by the Trump tariff saga and declining dollar value.

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