News From Press The year of the smart investor

The year of the smart investor

Source: Livemint Dec 18, 2018

Despite market volatility amid a weakening rupee and rising oil prices, in 2018 the systematic investment (SIP) flows from retail investors grew 42% over the previous year to Rs 7,985 crore in October.

The mutual fund space now has 2.5 crore SIP accounts. In the current fiscal, over 10 lakh SIP accounts were added each month on an average, with an average ticket size of Rs 3,200, according to Association of Mutual Funds of India (Amfi) data.

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