News From Press SIP inflow continues to drop in challenging economic environment

SIP inflow continues to drop in challenging economic environment

Source: PTI/The Economic Times Sep 11, 2020

Investment in mutual funds through systematic investment plans (SIPs) dropped for the fifth consecutive month to Rs 7,791 crore in August, amid challenging economic environment due to the COVID-19 pandemic.

Equity mutual funds, which mainly depend on SIP for flows, saw a withdrawal of Rs 4,000 crore in August, much higher than Rs 2,480 crore witnessed in the previous month, data from the Association of Mutual Funds in India (Amfi) showed.

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