With SIPs, retail investors tap into the equity payback

Indian households are gradually learning to chase returns and boost savings by realising the compounding power of equity investments and are choosing one of the safest instruments to achieve this: systematic investment plans (SIP). The growth in SIPs and the widening share of equities in total financial savings corroborate the trend. 

In the past year, SIP accounts have increased by 27.1 lakh compared with 75 lakh such accounts registered over the past 30 years, according to the Association of Mutual Funds in India (AMFI).The number of SIP accounts stands at 1.08 crore. The preference for SIP accounts can be gauged from the fact that more than half of them have been in operation for more than five years. 
Click here to read more>>