Invest in mutual funds that until last year cornered not over Rs. 3700 crore, managed to garner as much as Rs. 5516 crores on the back of a whopping increase in SIP accounts to 16.6 million which at the beginning of the year stood at 13.5 million. So, in a year's time, the investment option that has fast drawn the investors' interest considering the upbeat stock market has managed to clock a growth equivalent to 50% in a year's time.
The sector officials catering to the industry provided that each month a stupendous Rs. 250- Rs. 350 crore is poured in SIPs and the trend is to sustain given the favourable as well as profitable bet considering 4-5 year's horizon in the same. So, with a consistent and sustained inflow in SIPs, the net investment in the instrument is likely to cross Rs. 7000 crore mark by end of March in the ongoing FY.
Thus on the whole, the mutual industry would garner a total of Rs. 84000 crore on an annual basis from options available across the shore.