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<h2>Top News</h2>1. Gross tax revenue for FY22 rose by 34% to ₹27.07 lakh crore up from ₹20.16 lakh crore in FY21. The rise in tax receipts pushed the tax-GDP ratio to a new high of 11.7%

2. Open ended equity mutual funds witnessed inflows of ₹28,463 crore in March 2022, a substantial rise of 44% from the previous month.

3. SIP inflows hit an all time high of ₹12,328 crore in March 2022. Total number of SIP folios jumped to 5.27 crore in March 2022 from 5.17 crore in February.

4. BSE Star MF accounted for 49% of MF industry’s net equity inflow at ₹81,350 crore. The platform processed a record 18.47 crore transactions in FY22.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and <a target="_blank" href="https://www.kuvera.in/">kuvera.in</a>

Weekend Wrap: Top news and market movers this week: 15 April 2022

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