Home sales fall in August despite the highest supply in over a decade
Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise.
Mutual fund systematic investment plan (SIP) inflows reached a record high of ₹32,297 crore in August, despite market volatility caused by geopolitical tensions and higher crude oil prices. Systematic investments in small-cap funds remained strong at ₹7,973 crore, compared to ₹7,767 crore in July. Mid-cap funds saw even higher inflows of ₹6,989 crore, up from ₹6,192 crore the previous month.
The number of SIP accounts also hit an all-time high of 10.2 crore, up from 9.9 crore in July. AMFI CEO Venkat Chalasani attributed the continued investor confidence in India's growth story to the RBI's ability to absorb $127 billion. SBI Mutual Fund's Manish Mehta noted that mid-cap and small-cap schemes accounted for a significant portion of inflows.
Aditya Birla Sun Life AMC's Harish Krishnan highlighted the importance of staying committed to asset-allocation plans during volatile market conditions. Nippon India Mutual Fund's Saugata Chatterjee observed a growing preference for diversification and balanced portfolio allocation amid global uncertainty, with strong interest in Gold ETFs and multi-asset allocation funds.
Canara Robeco AMC's Gaurav Goyal emphasized the need for mutual funds to help investors remain focused on their financial goals and investment horizons.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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