Money through Mutual Fund continues to flood Indian Stock Markets

Inflow through the systematic investment plan (SIP) route have hit an all-time high of Rs 62.22 billion in December. Put together, the overall SIP inflow in 2017 stood at Rs 595 billion. It is worth noting that about 85 per cent of SIP inflow are into equity-oriented schemes. Interestingly, the massive SIP inflows in 2017 has surpassed the overall equity inflow during 2016. In 2016, inflow into equity schemes was of Rs 549 billion. The total...

November IIP growth jumps to 17-month high; Dec inflation rises to 5.2%

India’s industrial output and headline retail price indices registered the highest growth since July 2016 — among the last crucial set of economic data before the Union Budget 2018-19.The data released on Friday showed that the Index of Industrial Production (IIP), after slowing for two straight months, bounced back in November, rising by 8.4 per cent and signalling that industrial revival was back on track.Meanwhile, the Consumer Price Index (CPI)-based...