News From Press Inflows surge 6 times in 8 years: How mutual fund SIPs have grown in Modi regime

Inflows surge 6 times in 8 years: How mutual fund SIPs have grown in Modi regime

Source: Moneycontrol Apr 11, 2024

Systematic Investment Plan, or SIP, where one can invest a fixed amount in a mutual fund scheme periodically at fixed intervals, has seen an over six-fold surge in monthly contribution in the last eight years.

Data available from the Association of Mutual Funds in India (AMFI), an industry body, showed that SIP contributions have grown from Rs 3,122 crore at the end of April 2016 to Rs 19,187 crore at the end of February 2024.

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