Mutual funds garnered Rs 7,727 crore of assets via SIP in September, 40 per cent higher than the inflows in the same month, last year, AMFI data shows. SIP inflows stood at Rs 7,658 crore in the preceding month.
Mutual funds currently have around 2.44 crore (24.4 million) SIP accounts through which investors regularly invest in mutual fund schemes, especially equity mutual fund schemes.