News From Press SIP accounts AUM jumps 38% in 2023, share in mutual fund assets tops 19%

SIP accounts AUM jumps 38% in 2023, share in mutual fund assets tops 19%

Source: Business Standard Dec 26, 2023

Systematic investment plan (SIP) accounts are gradually tightening their hold on the mutual fund industry amid growing retail interest in equity mutual fund schemes.
Within a year, the share of SIPs in the total MF assets under management (AUM) surged to 19.1 per cent in November from 16.6 per cent at the start of 2023.

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