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Mumbai: Despite equity markets remaining muted, systematic investment plans (SIPs) are set to drive the retail mutual fund assets under management (AUM) next year, with most of the flows expected to go towards hybrid and multi-asset schemes.
Within equity and hybrid mutual funds, 27% of the assets under management are contributed by retail investors, who are defined as those investing less than Rs.2 lakh. The SIP flows primarily come from retail investors, whereas bi...
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