Over 26.6 million systematic investment plans (SIPs) were registered in 2021-22 (FY22) — a jump of 88 per cent over the preceding fiscal year (2020-21, or FY21) — reveals data from the Association of Mutual Funds in India. The past 10 months have seen new SIP registrations upwards of 2 million.
Industry officials say that increasing investor awareness of equity funds and an encouraging investment experience have led
to an uninterrupted participation in SIPs.
Inflows via the SIP route have accelerated since September last year. Last month, they hit a record Rs 12,328 crore.
In FY22, inflows through SIPs stood at Rs 1.24 trillion,