1.2 crore SIP mutual fund accounts created in 1 year. 4 more things to know
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almost 2 years ago
SIPs are currently basking in investors’ attention with another bout of inflows making fresh records. Monthly data shows SIPs contributed Rs 13,573.08 crore to mutual funds in December. Interestingly, with over 1 crore new SIP MF accounts created in 1 year, the number of such accounts for December 2022 stood at 6,12,42,531 as compared to 4,90,78,547 in the same month last year.“The importance of investing in equity markets for longer-term goals is not lost on investors and the same is reflected in the ever-increasing awareness and adoption of SIP as a goal-linked route to create wealth over the long term. This month, almost 24 lakh new SIPs were registered, which shows increasing investor belief in the instrument. SIPs are the simplest route to build a disciplined habit of regular investing,” said N S Venkatesh, Chief Executive, Amfi
Economic Times