Mutual fund investments: big change in small towns

The 100 per cent jump in Sensex over the past three years, between March 31, 2020 and March 31, 2023, witnessed some big changes across the country, especially in terms of investor behaviour and investor outlook towards equities. In this three-year period, while the aggregate number of demat accounts with CDSL and NSDL jumped 2.8 times to over 11.44 crore, the number of outstanding SIP accounts doubled from 3.11 crore to 6.28 crore and the monthly SIP contribution across the mutual fund industry rose from around Rs 8,500 crore to over Rs 14,000 crore.

Read more