News From Press Mutual funds' SIP collection soars to Rs 1.66 lakh cr in 2023; lower ticket size to push inflow

Mutual funds' SIP collection soars to Rs 1.66 lakh cr in 2023; lower ticket size to push inflow

Source: PTI/ET Dec 14, 2023

Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi's decision to lower the ticket size to Rs 250 will further boost investment. The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI).

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