SIPs (systematic investment plans) are in the news again. This time for showing a dip in their collections in the month of April, which is believed to be because of the shaky stock markets which might have rattled retail investors and prompted some of them to discontinue their SIPs at least for the time being.
According to the Association of Mutual Funds in India (AMFI), mutual funds currently have about 2.16 crore SIP accounts through which investors regularly invest in mutual fund schemes. And the total amount collected through SIPs during April 2018 stood at Rs 6,690 crore as against Rs 7,119 crore in March this year, showing a dip by Rs 429 crore.
