News From Press SIPs gain popularity as MF investors pin hope on recovery

SIPs gain popularity as MF investors pin hope on recovery

Source: Economic Times May 3, 2016

Investors have latched on to Systematic Investment Plans (SIPs) of mutual funds in a big way in 2015-16. Data from CAMS shows that new SIP registrations for the financial year were 29.79 lakhs, up by 26% over the previous year.

Live SIPs are up to 57.95 lakhs up by 32% and the average SIP size has moved up marginally from Rs 3368 to Rs 3450. CAMS serviced funds cover 61% of the mutual fund industry.

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