Systematic investment plans (SIPs) have been an instrument of choice for retail investors, allowing them to not try and time the market, but instead invest regularly in a disciplined manner per their income and objectives.
Accordingly, SIP inflows have grown tremendously. AMFI (Association of Mutual Funds of India) data (table 1) shows that gross SIP inflows in October 2024 touched a record Rs 25,323 crore, from Rs 20,000 crore at the start of this fiscal year. Indeed, YTD (year-to-date) inflows (April-October '24) have already topped full-year SIP flows of FY 2022-23.
