In the month of August, the Rs 45-trillion Indian mutual funds industry got inflows worth Rs 15,814 crore through systematic investment plans (SIPs). That’s a new record; an all-time high of inflows through SIPs. In July as well, the SIP book was at a record high of Rs 15,245 crore. But if you look at the retail participation in the stock market, that’s a different story.
