Systematic investment plan (SIP) investments reached Rs 21,262 crore in June in the country, up from Rs 20,904 crore in May, the latest data from the Association of Mutual Funds in India (AMFI) said on Tuesday.
This marks the third consecutive month where SIP inflows have exceeded Rs 20,000 crore.
According to Gopal Kavalireddi, Vice President of Research at FYERS, despite major events like year-end earnings, general elections, release of GDP and other economic data, and Rs 75,000...
SIP investments hit Rs 21,262 crore in June, mutual fund industry at record Rs 61.15 lakh crore
The retail investor has realised that SIP is the financial version of ‘fill-it, shut-it, forget-it’, the popular tagline from an '80s motorcycle advertisement, Venkat Chalasani, Chief Executive of the Association of Mutual Funds of India (AMFI), told IANS.
"You don’t have to remember to invest every time, as once you start an SIP, you can keep it on for how many months/years you wish to. Investing and withdrawal are both easy," he said during an interview.
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Financialisation of savings growing, especially after Covid pandemic: AMFI chief
India equity mutual funds got inflows worth Rs 19,957 crore in October, up from Rs 14,091 crore in September, and the month saw the third highest monthly inflow into equity funds in the year 2023, as per Deepak Jasani, Head of Retail Research, HDFC Securities.
Small- and mid-cap categories contributed about Rs 7,000 crore, shrugging off restrictions on lump-sum investments and new SIPs by several funds. SIP contribution to mutual funds industry in October stood at Rs 16,928 crore compared ...
October sees third highest monthly inflow into equity funds
