The SIP contribution in August stood at an all-time high of Rs 15,813.54 crore in August. The number was Rs 15,245 crore in July and Rs 12,693 in August 2022. On a month-on-month basis, the contribution increased by around 3.73%.
The number of SIP accounts stood at the highest ever at 696.85 lakh for August 2023, compared to 680.53 lakh in July. The number of mutual fund folios in August also reached an all-time high of 15,42,41,577 compared to 15,14,21,270 in July.
