However, a recent trend reveals a notable increase in redemptions, as investors opt to book profits while markets are at their peak. This shift is resulting in a narrowing gap between investments and redemptions, reflecting a more cautious sentiment among investors amid high market valuations.
According to the latest monthly data report from Axis Mutual Funds, the total Assets Under Management (AUM) for mutual funds reached an impressive Rs 64,96,653 crore in July 2024. This represents a substantial 40 percent increase compared to the AUM of Rs 46,37,564 crore recorded in July 2023. The sharp rise in AUM indicates a strong inflow of investments into mutual funds over the past year, driven primarily by the robust performance of Indian stock markets.
Despite this growth in assets, the report highlights a significant surge in redemptions. In July 2023, redemptions amounted to Rs 18,28,851 crore. This figure spiked by 60.68 percent to Rs 29,38,613 crore in July 2024. The surge in redemptions is attributed to investors’ strategic decision to capitalize on the current market peak, reflecting a tendency to secure profits amid high market valuations.
Denne historien er fra August 23, 2024-utgaven av The Business Guardian.
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Denne historien er fra August 23, 2024-utgaven av The Business Guardian.
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ASSEMBLY POLLS: CONG KICKS OFF 'NYAY YATRA'
The Congress kicked off its month-long \"Delhi Nyay Yatra\" from Rajghat on Friday to put pressure on the AAP government in the city on various issues ahead of the Assembly polls due early next year.
CBI nabs DUSIB legal officer for taking bribe
The Central Bureau of Investigation (CBI) has apprehended a legal officer from the Delhi Urban Shelter Improvement Board (DUSIB) of the Delhi Government for allegedly demanding and accepting a bribe of Rs 5 lakh from a complainant.
HC orders DU to admit minority student to St Stephen's
The Delhi High Court on Friday said its order permitting a minority category student to attend classes amid a purported seat allocation dispute between St Stephen's College and Delhi University has to be complied with.
Govt tests drone-based mist spraying to combat pollution
To curb rising air pollution in the national capital, the Delhi government on Friday conducted a testing of 'drone-based mist spraying' at Anand Vihar, one of the city's pollution hotspots.
BJP blames AAP for pollution
BJP leader Shehzad Poonawalla on Friday attacked Aam Aadmi Party (AAP) for pollution in the Yamuna River, highlighting that the toxic foam floating on the water proved a serious threat to the safety of devotees during Chhath Puja.
Anand Vihar pollution triggers health Issues
With the air pollution reaching an alarming level in Delhi's Anand Vihar, people living in the area are facing health issues as there has been a surge in cases of respiratory and throat infections and eye irritation in the last few days.
Kejriwal has become biggest symbol of VVIP culture, hypocrisy: BJP
The BJP on Friday claimed that former Delhi chief minister Arvind Kejriwal has become \"the biggest symbol of VVIP culture\" as it slammed the AAP convenor citing high costs of appliances and items, including toilet seats worth around Rs 12 crore, used in his residence when he was at the helm of the government.
Phir Layenge Kejriwal: AAP rallies support with new campaign
Kejriwal noted that these shared challenges have strengthened the bond among AAP members, uniting them as a family. \"I am moved by the love and determination I see in our workers. We will fight, and we will win,\" he said, stressing that their unity is the party's greatest strength.
Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially Abled Children: 'Puja Committee Thinks They Are Bigger Than God'
The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.
Madras High Court Directed Pondicherry Institute Of Medical Sciences To Surrender 26 Seats For Failure To Comply With MCI Guidelines
The Madras High Court in the case Pondicherry Institute of Medical Sciences v The Government of India and Others observed and has directed the Pondicherry Institute of Medical Sciences to forfeit 26 seats - 13 during the 2025-26 academic year and 13 during the 2026-27 academic year for failing to comply with the directions issued by the Medical Council of India during admissions in the year 2017-18.
