SIP IN­FLOWS GROW 50% IN ONE YEAR

Business Standard - - THE SMART INVESTOR -

In­flow­into mu­tual funds (MFs) through sys­tem­atic in­vest­ment­plans (SIPs) has hit an­other his­toric high in Septem­ber. The sec­tor col­lected ~5,516 crore dur­ing the month as the num­ber ofSIP ac­counts touched 16.6 mil­lion, com­pared with 13.5 mil­lion at the be­gin­ning of this fi­nan­cial year. Ayear be­fore, the sec­tor got less than ~3,700 crore. In a year, SIP monthly con­tri­bu­tion has in­creased byabout50%. Ac­cord­ing to sec­tor of­fi­cials, ev­ery month ~250-300 crore worth SIPs were added and this trend would con­tinue. With this, the cur­rent fi­nan­cial year is likely to sur­pass ~7,000 crore of con­sis­tent and steady in­vest­ment son a monthly ba­sis by March. This means a mas­sive ~84,000 crore of stick­y­in­flows into MFs ev­eryyear.

CHANDAN KISHORE KANT takes a look

ILLUSTRATION: AJAY MO­HANTY

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