Net new SIP account addition continued to slow for the third consecutive month in October and the SIP stoppage ratio also remained above 60 percent for the second successive month to reach a five-month high in October, as per data from the Association of Mutual Funds in India (AMFI).
Interestingly, this happened even as October saw equity fund inflows hit a record high of Rs 41,887 crore with flows into open-ended equity funds staying in the positive zone for the 44th month in a row.
