Investors are taking the SIP (systematic investment plan) route to equities in a big way. The monthly investments through SIP route in equity mutual funds (MFs) has jumped about 35 per cent in value terms so far in 2016-17 (till January). The monthly SIP value has doubled in the last two years and stood at Rs 3,663 crore for January.
Incidentally, the overall SIP count crossed the 1 crore mark in August last year. It touched 1.23 crore in December, data with the Association of Mutual Funds in India (AMFI) showed.
