Investments into equity mutual funds through systematic investment plans (SIP) have picked up sharply over the last five years with many new investors coming in. The mutual fund industry has 3.04 crore SIP accounts and is adding 9.81 lakh SIP accounts on an average every month in 2019-20. Close to Rs 8,500 crore comes into equity schemes every month through SIPs.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
Read More