Young, digitally-savvy individuals are increasingly investing in equity mutual funds through the systematic investment plan (SIP) route because of ease of investing, benefits of disciplined investing without having to worry about market volatility and the power to compound money over time.
Data from Association of Mutual Funds in India (Amfi) show that SIP inflows have touched Rs 1.1 trillion in this financial year till February, the highest ever. In February, there were 51.7 million outstanding SIP accounts through which investors regularly invested in mutual fund schemes, a growth of 37% from 38 million accounts in April 2021.
