ET Intelligence Group: Registration of new systematic investment plans (SIPs) continues to grow at a robust pace, and this is helping local funds expand their dominance, which in turn is powering the stock market rally.
New SIP account registrations increased to a record 2.68 million in September 2021, according to data from the Association of Mutual Funds in India (AMFI). It was nearly 2.5 times higher than the long-term average.
