News From Press SIP flow continues to break record

SIP flow continues to break record

Source: Business Standard Aug 14, 2017

Inflow into mutual funds (MFs) through Systematic Investment Plans (SIPs) touched a new record high in July. The Rs 20-lakh crore fund industry registered SIP inflow of nearly Rs 5,000 crore, about 50 per cent more than in July 2016. Under the SIP route, an investor commits to invest a fixed sum every month. SIPs have become a popular investment route among investors, increasingly looking at channelising their monthly savings in high-yielding assets like equities.

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