Even as gross systematic investment plan, or SIP, inflows continue to scale new highs, the flows on a net basis have remained subdued this financial year owing to a surge in redemptions, shows mutual fund industry data.
The redemptions from SIP accounts have shown a consistent rise throughout the financial year FY24, scaling to Rs 9,750 crore in the month of July. In August, the outflows eased a bit to Rs 8,740 crore.
