SIP investments hit 11-month low of Rs 8,123 cr in May amid mkt volatility

Investment in mutual funds through Systematic Investment Plans (SIPs) hit a 11-month low of Rs 8,123 crore in May amid market volatility and uncertain economic environment due to the coronavirus pandemic.

Notably, this was the 18th consecutive month when SIP inflows remained over Rs 8,000-crore mark.

The mutual fund industry raised Rs 8,123crore though the SIP route last month, lower than Rs 8,376 crore mopped up in April, according to the latest data from the Association of Mutual Funds in India (Amfi).

In May last year, SIP collection stood at Rs 8,183 crore.

The inflow in May 2020 was the