The assets under management (AUM) of funds linked to the systematic investment plans (SIP) reached a record of Rs 4.7 lakh crore at the end of May 2021 following a consistent inflow and capital appreciation amid a sustained stock market rally. The SIP equity funds have delivered 26-56% returns over the past year thereby resulting in an expansion of 1.7 times in their aggregate AUM during the period.
The SIP linked schemes contributed 14.1% to the AUM of the mutual fund industry in May c ..
