News From Press Rise in DIY investing: Direct plans now make up around 40% of SIPs

Rise in DIY investing: Direct plans now make up around 40% of SIPs

Source:BS Dec 5, 2024

Online investment platforms are rapidly reshaping the mutual fund (MF) distribution landscape. The share of direct plans in SIP (systematic investment plan) accounts has climbed to nearly 40 per cent from around 21 per cent four years ago, indicating that the majority of the newer investors are coming in through the direct investment channels.

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