When the market turned topsy-turvy in May due to the Lok Sabha elections, many retail investors stopped their systematic investment plans (SIPs), data from the Association of Mutual Funds in India (Amfi) showed. As a result, the SIP stoppage ratio shot up to a record high of 88.4% in May.
Interestingly, this is despite the number of overall SIP accounts hitting new highs and SIP inflows into the market continuing to climb new peaks month after month.
Also Read
As per the data, 4.97 million new SIPs were registered in May, while 4.39 million SIPs were discontinued or their tenure got completed. This means the SIP stoppage ratio, which is the ratio of SIPs discontinued …
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key things to know before the market opens.
GIFT Nifty traded up by 82.50 points or 0.35% at 23,451.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended up by 58.10 points or 0.25% to settle at 23,322.95 while the BSE Sensex jumped 149.98 points or 0.20% to 76,606.57.
“For the third consecutive day, markets remained within a narrow range and ended with slight gains. Following an initial uptick, Nifty rose during the early hours but gains were trimmed due to profit-taking in select heavyweights. It ultimately settled at 23,322.95, u…