Growth of Systematic Investment Plan (SIP) in the country's mutual fund industry fell 61 per cent in the first nine months of the current fiscal, following a year of negative returns and the growing uncertainty due to the upcoming elections.
From a high of 4.81 lakh net addition of SIP accounts, new SIP registered minus discontinued SIPs, in April 2018, the net SIP registration has fallen 61 per cent to 1.87 lakh, as per the data from the Association of Mutual Funds in India (AMFI).