Retail investors poured a record Rs 6222 crore through systematic investment plan (SIPs) into mutual funds in December 2017. This is the highest amount mobilized in a single month and Rs 329 crore higher than Rs 5893 mobilised in November.
Cumulatively mutual funds mobilized Rs 59,482 crore through SIPs in calendar year 2017 as compared to Rs 40,000 crore in the previous year, a rise of 50%, as per data from industry body AMFI. Mutual Funds have currently about 1.80 crore (18 million) SIP accounts through which investors regularly invest in Indian Mutual Fund schemes.
