News From Press SBI MF adds 3 million SIP accounts at 40% YoY growth rate in FY22

SBI MF adds 3 million SIP accounts at 40% YoY growth rate in FY22

Source: BS Mar 26, 2022

SBI Mutual Fund (MF), India’s largest fund house, has added three million new systematic investment plan (SIP) accounts so far this financial year, recording nearly 40 per cent year-on-year growth. The fund house said it has received an average Rs 1,800 crore every month through SIPs in FY22 with an average ticket size of Rs 2,500 per client.

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