The net inflows into the systematic investment plans (SIPs) in May 2020 stood at ₹8,123 crore, only marginally lower than the ₹8,376 crore recorded in April. The SIP inflows seemed to have held up despite an economic shock caused by the nationwide lockdown.
However, a detailed analysis of the number suggests that bounced SIPs may not have been factored in. An SIP ‘bounce’ is a failure to debit the customer’s bank account for a scheduled SIP due to insufficient balance. Such a bounce in some cases attracts charges from banks.
