The mutual fund industry has seen moderation in flows, but investments through the systematic investment plans (SIPs) route continue to remain intact.
Data available with the Association of Mutual Funds of India (Amfi) shows that SIP contribution in July stood at Rs 75 billion — 21 per cent higher than the past 12-month average of Rs 62 billion.
Also, the SIP contribution in July was same as the previous month, which saw the highest-ever tally.
Experts say flows through the SIP route could also moderate going ahead.
“The industry has seen a strong growth in SIPs in recent years due

)