Record SIP inflows, but mutual funds get selective on IPOs
News summary
Mutual funds are seeing record SIP inflows, yet fund managers are concentrating their IPO bets on larger, high-conviction deals in financial services, manufacturing, and new-age IT sectors. In September, industry assets under management fell 5% to ₹82.64 lakh crore from ₹87.08 lakh crore in August, with debt funds witnessing outflows of ₹1.83 lakh crore.
Sources
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