Investors are opening new SIP accounts at a record pace to participate in the market rally at a smaller ticket size. New SIP account registrations reached a record high of 2.78 million in June 2023, data from the Association of Mutual Funds in India (AMFI) show. It surpassed the previous high of 2.68 million in September 2021.
On an average, about 2.12 million new SIP accounts per month were opened over the past 12 months taking the cumulative addition to 26 million. The average ticket si ..
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