Inflows In SIPs Clock 50% Growth This Year

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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.

    Inflows In SIPs Clock 50% Growth This Year

    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.

    Goodreturns.in

    Read more about: mutual funds sip equity funds aum
    Story first published: Friday, October 13, 2017, 6:46 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more