84% SIP inflows via equity funds in September, shows Amfi data

In September, there were around 38 million active or live SIPs equity accounts

Systematic investment plans (SIPs) have emerged as the mainstay for the Rs 37-trillion mutual fund (MF) industry. Under this route, investors invest a fixed sum in MF schemes at periodic intervals. 

It has emerged that the bulk of investments coming through the SIP route are into equity-oriented schemes. This is seen as positive for asset management companies as they earn a better spread on equity products.

The data provided by industry body Association of Mutual Funds in India (Amfi) shows equity schemes accounted for around 84 per cent of SIP inflows. Market participants say that the sharp surge in the stock markets