News From Press High on retail euphoria, SIP schemes cross Rs 5 lakh crore in AUM in July

High on retail euphoria, SIP schemes cross Rs 5 lakh crore in AUM in July

Source: ET Aug 11, 2021

The asset under management (AUM) of the systematic investment planning (SIP) accounts crossed a record Rs 5 lakh crore in July 2021 following a sustained inflow and buoyancy in the capital market, the data from AMFI showed. With a record inflow of Rs 9,608 crore in the month, the total SIP inflow reached Rs 1 lakh crore in the past 12 months. The average portfolio value of SIP investors was Rs 1.2 lakh in July, the highest since data was made available by AMFI in 2016.

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