 "Mutual Funds, SIPs, Mutual Fund investors")
The Rs 36-trillion domestic mutual fund (MF) industry has built a solid pillar to stand on-systematic investment plans (SIPs). And the industry’s SIP game is only getting stronger.
In August, inflows through this route touched nearly Rs 10,000 crore and new SIP registration touched an all-time high of 2.5 million, despite concerns around expensive equity valuations. The total assets under management (AUM) for SIPs also touched a new record at Rs 5.3 trillion.
Taking note of the strong SIP numbers, analysts have given a thumbs up to the sector.
“MF AUMs have remained resilient through FY21 despite weaker flows, aided
