Indian mutual funds touched a total of Rs 1.73 crore (17.3 million) SIP (Systematic Investment Plan) accounts in October this year. According to AMFI data, an inflow of Rs 34,887 crore came into the mutual funds via SIPs in the first seven months of 2017-18.
There has been a 47 per cent jump in the inflows from SIPs since the last financial year. During FY 16-17, a total amount of Rs 43,921 crore was collected through SIPs. An amount of Rs 23,584 crore was collected via SIPs during the first seven months of FY 16-17.
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