Moneysukh

In today’s market conditions, retail investors are playing a vital role in indirectly supporting the stock market . The short answer is through mutual funds. The mutual fund industry has witnessed a multifold jump in monthly contributions. If we make a comparison of monthly inflows from 2016 with today’s inflows, the increase has been six times, from 3300 crores in 2016 to Rs. 19000 crores in March 2024. As the Indian economy stands strong with a good economic number, retail participants are doubling down on their bets and taking stock markets to higher levels. Today, mutual funds have about 8.20 crore SIP accounts through which investors regularly invest. Month SIP Contribution Rs. crore FY 2023-24 FY 2022-23 FY 2016-17 Total during FY 199219 155972 43,921 March 19,271 14,276 4,335 February 19,187 13,686 4,050 January 18,838 13,856 4,095 December 17,610 13,573 3,973 November 17,073 13,306 3,884 October 16,928 13,041 3,434 September 16,042 12,976 3,698 August 15,814 12693 3,4...

  To invest in the stock market you need a discount broker or full-service broker to open trading and demat account with them. Because without having the demat account trading or investing in the stock market is not possible for anyone. As these brokers are members of the central depositaries like CDSL and NSDL also SEBI registered entities to open such accounts. But finding the right broker is another challenging factor for retail investors. Especially, when there are a bunch of brokers offering freebies and lucrative offers to open demat account or a trading account with them and enjoy the various other benefits. But before you become a customer of such an entity you need to be very careful to find the best discount broker in India as per your needs. Questions to Ask While Choosing a Discount Broker as per Your Needs What is Your Goal of Investment? Ans- Before starting any venture, you always set you goals, how much you need to invest, how much tension and efforts you would be...