Mutual funds have a seen a marginal drop in investments coming from systematic investment plans or SIPs.
According to data on the Association of Mutual Funds in India, the mutual fund industry witnessed inflows of Rs 4,269 crore in April as against Rs 4,355 crore a month ago, registering a drop of Rs 86 crore.
Interestingly, the mutual fund industry's assets under management touched an all-time high of Rs 19.26 lakh crore in March end.
SIP works on the principle of regular investments. It is like your recurring deposits where you put in a small amount every month.
