SIP inflows cross Rs 10,000 cr-mark for first time in a month in Sept

Equity inflows stood at Rs 8,677 cr; Debt segment saw outflows of Rs 63,910 cr

Inflows into the mutual fund industry through the systematic investment plan (SIP) route crossed Rs 10,000 crore for the first time in September. Investors opened over 2.6 million new SIP accounts during the month. The assets under management (AUM) of SIPs rose to Rs 5.44 trillion from Rs 5.26 trillion at the end of August.

SIP is an investing technique wherein the investor commits a fixed sum every month as opposed to investing a large sum at one go. Sustained inflows through this route has provided the domestic mutual fund (MF) industry a solid foundation for growth.

Strong SIP flows