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1. RBI’s MPC hiked the repo rate by 35 basis points to 6.25% and revised the estimate of real GDP growth from 7% to 6.8% for FY23.
2. SIP inflows jumped 21% on Y-o-Y basis to hit an all-time high of ₹13,306 crore in November 22 compared to inflows of ₹11,005 crore in November 21. Total number of SIP folios jumped to 6.05 crore in November 2022.
3. Open ended equity mutual funds witnessed inflows of ₹9,937 crore in November 2022. The net Asset Under Management (AUM) of the Mutual Fund industry rose to ₹40.50 lakh crore.
4. Axis MF has launched the NFO for Axis Long Duration Growth Direct Plan.
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First Published: 10 Dec 2022, 10:17 AM IST