Mutual fund SIP investments hit record high. 4 things to know
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almost 2 years ago
Despite a dip in the total flow into equity mutual funds, inflows into SIPs touched another record high in November. Monthly data from AMFI shows SIPs contributed Rs 13,306.49 crore in November. "SIP contribution remaining above Rs 13,000 indicates better awareness among retail investors about long-term orientation of equity investments and wealth creation opportunities from India’s growth trajectory," said Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.Take a look at how many SIP accounts were added in November, where the SIP AUM value stood, and how many new SIP registration happened.
Economic Times