News From Press SIP account addition moderates in May as average portfolio value falls amid choppy market

SIP account addition moderates in May as average portfolio value falls amid choppy market

Source: ET Jun 21, 2022

Even though inflows via Systematic Investment Plans (SIP) of mutual funds remains firm, account additions shows signs of moderation amid falling SIP portfolio value due to the market volatility. The net SIP accounts addition was at 9.4 lakhs in May 2022, the lowest in 12 months, taking the number of total accounts to 548 lakhs.

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