News From Press Mutual funds garner Rs 7,554 crore via SIPs in July

Mutual funds garner Rs 7,554 crore via SIPs in July

Source: Economic Times Aug 21, 2018

Retail investors are increasingly opting for systematic investment plans (SIPs) in mutual funds as the industry garnered Rs 7,554 crore through this route in July, a surge of 53 per cent from the year-ago period. This followed investments of over Rs 67,000 crore through SIPs by fund houses in 2017-18 and more than Rs 43,900 crore in the preceding fiscal, as per the Association of Mutual Funds in India (AMFI).

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