Systematic investment plans, better known as SIPs, are in the news again. This time for showing a rise in their collections in the first quarter of FY19 despite volatile markets.According to the Association of Mutual Funds in India, in April-June of FY19, the 43-player industry collected a total of Rs 21,548 crore through SIPs, 58 percent higher than the Rs 13,597 crore collected in the same period last year.AMFI data also shows that the MF industry added 9.83 lakh SIP accounts on an average during the first quarter of FY19, with an average size of around Rs 3,300 per SIP account as compared with Rs 3,250 last year.Close At present, domestic mutual funds have about 2.29 crore active SIP accounts, through which investors regularly invest in Indian MF schemes.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension … [Read more...] about What is driving SIP inflows even when equity markets are volatile?
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I’m waiting patiently in line at the fish counter of my local Whole Foods. Two customers ahead of me are standing at opposite ends of the counter, bridging the space between with friendly grocery store banter. As they chat, the man points toward one of the rows of fish in the case. The woman shakes her head and politely explains that his selection contains way too much mercury. He points toward another, but it’s “full of carcinogens.” advertisement advertisement “For real?” he mumbles in disbelief. It’s his turn to shake his head, as he walks away without any fish in his basket. This guy was trying to do the right thing. He was in a health-conscious store, trying to purchase a healthy option for dinner. And yet, he left feeling incapable of making a choice that actually was a good one. This story represents a lot of what’s going wrong today with social responsibility. My agency recently released year seven findings for our … [Read more...] about The conscious consumerism movement is stalling—and I know why
Former Karnataka Chief Minister Siddaramaiah, on December 9, resigned as the leader of Congress Legislative Party (CLP) and as the Leader of Opposition following his party's poor performance in bypolls to 15 Assembly constituencies in the state."We accept the mandate of the people. Our expectation was that the voters would teach a lesson to those who went against the tenets of democracy, but that expectation has gone now. We accept the people's mandate. I have resigned as the Congress Legislative Party leader and have submitted my letter to (Interim Congress president) Sonia Gandhi," Siddaramiah said during a press briefing.I respect the mandate given by the electorate in the #KarnatakaBypolls. I expected people to teach @BJP4Karnataka leaders a great lesson for orchestrating #OpertionKamala.I am taking the moral responsibility & resigning as Leader of CLP & Leader of Opposition. pic.twitter.com/AaG9Xl3SdP— Siddaramaiah (@siddaramaiah) December 9, 2019Close The … [Read more...] about Karnataka: Siddaramaiah resigns as Congress Legislative Party leader after bypoll performance
Emerging market doyen and veteran fund manager Mark Mobius expects a further correction of 5-10 in select sectors in the current financial year and believes that rest of the negatives have already been factored in.In a candid chat with Moneycontrol, the founder of Mobius Capital Partners feels that the Indian government should be more pro-active on the process of approvals as he is keen to make investments in Indian markets. He said the Narendra Modi government must streamline processes so that money can come in more easily for investments.Even at the ripe old age of 82, Mobius revealed he is on the road 205 days a year, visiting companies in almost every corner of the globe.Close Mobius, who quit as head of Franklin Templeton's emerging market funds in January, has started Mobius Capital Partners - a fund management firm focussed on environmental, social and corporate governance in emerging and frontier markets. His company aims to pick up direct equity stakes in companies … [Read more...] about Mark Mobius expects 5-10% correction in select sectors; bets on NBFCs