News From Press Market risk, what? People start investing more in Mutual Fund SIP: Check interesting numbers

Market risk, what? People start investing more in Mutual Fund SIP: Check interesting numbers

Mutual Fund SIP investment: In just six months of FY 2019-20, subscribers have contributed more to Mutual Fund SIP than they did in the entire FY 2016-17.

Financial Express Nov 5, 2019

Mutual Fund SIP investment: In just six months of FY 2019-20, subscribers have contributed more to Mutual Fund SIP than they did in the entire FY 2016-17. According to Association of Mutual Fund in India (AMFI), the total contribution to SIP in FY 2016-17 was Rs 43,921 crore. In FY 19-20, investors have already put Rs 49,361 crore in SIP. On an average, 9.24 lakh SIP accounts were added every month during FY 2019-20 with an average SIP size of about Rs 2900 per account.

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