Fund houses are pinning their hopes on the Systemic Investment Plans (SIPs) for business growth this fiscal and expect an uptick of up to 20 per cent in overall assets under management.
Total AUM (assets under management) of the industry with 43 players at present is Rs 15 trillion and SIPs valued at Rs 4,000 crore are being added to the industry every month. The industry has added 25 lakh SIPs during past one year alone. In terms of value, SIPs have grown by 33 per cent during past one year alone in terms of value.
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