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1. SIP inflows jumped 20% on Y-o-Y basis to hit an all - time high of ₹13,856 crore in January 2023 compared to inflows of ₹11,517 crore in January 2022.Total number of SIP folios stood at 6.22 crore in January 2022
2. Open ended equity mutual funds witnessed inflows of ₹12,546 crore in January 2023. The net Asset Under Management (AUM) of the Mutual Fund industry stood at ₹40.50 lakh crore
3. RBI’s MPC hiked the repo rate by 25 basis points to 6.50% and revised the estimate of real GDP growth to 6.4% for FY 23.
4. The Central Government has hiked Dearness Allowance (DA) from 38% to 42% of the basic pay.
5. India's foreign exchange reserves (Forex) fell by USD 1.494 billion to USD 575.267 billion as of 3 February.
6. ABSL MF, Nippon MF, IDFC MF, Kotak Mahindra MF, Axis MF and BOI AXA MF have launched the NFOs for ABSL Crisil Ibx SDL Jun 2032 Index Fund, Nippon India Nifty SDL Plus G Sec Jun 2029 Maturity 70:30 Index Fund, IDFC Crisil Ibx Gilt April 2032 Index Fund, Kotak Banking & Financial Services, Axis Crisil Ibx 50:50 Gilt Plus SDL September 2027 Index Fund and BOI Multicap.
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