Systematic investment plans (SIPs) have become a strong and stable driver of growth for the mutual fund industry, according to A Balasubramanian, MD & CEO of Aditya Birla Sun Life AMC.
Speaking to CNBC-TV18, on the latest AMFI monthly numbers, he said, “SIPs, in particular, are now picking up more as a permanent source of flows. That continues to remain a strong source of flows for the mutual fund industry.”
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