9 Mayıs 2016

You eventually run out of steam

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canada goose store SIP inflows in June fell to Rs 7,927.11 crore from Rs 8,123.03 crore in May, a fall of 2.4 percent.On the rationale behind the fall in SIP inflows, NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI), said, “The small dip in SIPs is largely because of the COVID impact as cash flows have got affected. Plus the (MF) industry has also provided a SIP pause facility, so a lot of people have opted for pause facility because of which inflows have fallen marginally,” Venkatesh said.Echoing Venkatesh’s view, G Pradeepkumar, CEO, Union AMC, added, “The slowdown in monthly SIP contribution has been worrying, but it is not completely unexpected given the strain on cash flows and incomes experienced by many investors on account of the COVID 19 situation. Once the economic situation improves, the flows should also pick up.”Almost all big fund houses such as Nippon India MF, ICICI Pru MF, Tata MF, and Aditya Birla Sun Life MF have offered an SIP pause facility.To avail this facility, investors have tosend an email to AMCs mentioning the folio number. canada goose store

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