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The Association of Mutual Funds in India (Amfi) has sought data on systematic investment plans (SIPs) from individual fund houses, to rule out any concerns over the accuracy of the monthly SIP data.
Experts say the move could give a more real picture on how the SIP flows are doing in the current environment.
“Gross collection of data through registrar & transfer agents (RTAs) may have not been indicative of the true impact on flows amid the prevailing conditions. However, this methodology could bring in more clarity on how clients and advisors are considering SIPs, whether it is based on latest performance
