News From Press Mutual funds mop up Rs 44,000 cr in FY17 through systematic investment plans

Mutual funds mop up Rs 44,000 cr in FY17 through systematic investment plans

Source: Moneycontrol Apr 27, 2017

Systematic investment plans, popularly known as SIPs, continued to remain the favourite investment option among retail investors for investing in mutual funds.

According to the data on Association of Mutual Funds in India, industry garnered Rs 43,921 crore through SIPs in FY17.

Mutual funds attributed the increased interest in SIPs to investor education and robust performance of equity schemes.

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