News From Press Invest Wise | How to ensure that your mutual fund SIPs aren't sub-optimal

Invest Wise | How to ensure that your mutual fund SIPs aren't sub-optimal

Source: Moneycontrol Apr 16, 2024

Investors love a good SIP. We saw nearly Rs 2 lakh crore in SIP (systematic investment plan) inflows last fiscal, and over Rs 19,000 crore in monthly SIP flows in March 2024 — a five-fold jump from 2016-17, as per the Association of Mutual Funds in India (AMFI) data.

In February alone, 49.8 lahks new SIP accounts were opened while 21.33 lakh were closed, indicating that almost 40 percent of SIPs may not be long-term.

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