Mutual Fund Updates

#Mutual_Fund Updates:

Aug 2018 witnessed Rs 7,600 Crores in SIP inflows compared to Rs 3,469 Crores in Aug 2016 - a jump of 219% in two years. The total SIP inflows this Financial Year (April - Aug) is already at Rs 36,760 Crores, that is 54% of total inflow in the 2017-18 FY. Increased awareness of the simplicity and advantages of SIP is largely responsible for this growth.

Inflation reached a 10 month low of 3.69% in August, down from 4.17% in July. This despite Rupee falling to an all-time low of Rs 72.92 per USD during the last week. August was the first time in the past 10 months in which retail inflation was below RBI’s medium-term target of 4%.

More money has been lost trying to anticipate and protect from corrections than actually in them. - Peter Lynch