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Equity mutual fund inflows fall 5% to Rs 38,440 crore in April; SIP contributions also ease

Net inflows into equity-oriented mutual fund schemes declined 5 per cent month-on-month to Rs 38,440 crore in April, while contributions through Systematic Investment Plans (SIPs) also moderated, according to data released by industry body AMFI on Monday, PTI reported.Equity mutual funds had attracted net inflows of Rs 40,450 crore in March.Monthly SIP contributions slipped to...
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Dan Ives predicts Nasdaq 30,000 amid AI rally

The Nasdaq will rise to 30,000 points in the next year as a bumper earnings season continues to bolster enthusiasm for AI stocks, Dan Ives, managing director at Wedbush Securities, told CNBC’s Squawk Box Europe on Monday. A solid tech earnings season has seen investor jitters earlier this year replaced with bullishness over the AI...
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