Systematic investment plans (SIPs) in mutual funds, where investors put in small sums of money every month over a period of time, have caught the fancy of retail investors with volumes hitting an all-time high of Rs 4,200 crore a month in April.
The number of SIPs in the mutual fund industry has doubled in the last three years. From 51.96 lakh SIPs in 2013-14, they have more than doubled to 1.28 crore by March 2017. SIPs, which collected Rs 1,206 crore per month in 2013-14, got m ..
