Bullish MF investors unfazed by November selloff, SIPs top Rs 11,000 crore

Bullish MF investors unfazed by November selloff, SIPs top Rs 11,000 crore

Investors doubled down on their investments in equity mutual funds in November amid the selloff in the stock market. Equity schemes received ₹11,614 crore in November, marking the ninth straight month of net inflows, as against ₹5,215 crore in October; while the popular SIP or Systematic Investment Plan collections – which are akin to recurring deposits (RDs) offered by banks – crossed ₹11,000 crore for the first time ever in November.

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