Mutual funds collected Rs 7,304 crore through SIPs in May, nine per cent higher than the collection in April, showed Amfi data. Total SIP accounts stood at 2.23 crore.
Systematic Investment Plan or SIP, as it is commonly known, is an investment plan offered by mutual funds where one could invest a fixed amount in a scheme periodically at fixed intervals – say, once a month. The SIP instalment amount could be as small as Rs 500 per month. SIP is similar to a recurring deposit where you d ..
