SIP – The News Desk

MUMBAI: Monthly inflows into mutual fund schemes through the systematic investment plan (SIP) route scaled a new all-time high mark at just over Rs 15,800-crore in August as nearly 36 lakh new SIP accounts were opened during the month, also a new peak. As India's fundamental factors gave enough comfort to investors about the strength of the economy and the markets, they continued to invest in MF schemes with a long-term view, industry players said.In August, as 35.9 lakh new SIP accounts were opened, the total number inched closer to the 7-crore mark, data released by Amfi, the fund industry trade body showed. Total assets managed by the MF industry within these SIP accounts also inched up to 8.5 lakh crore, another new all-time peak. The total assets of the MF industry also jumped to a n...

MUMBAI: What took a year for SIP mop-up a decade ago, now needs just a month. Systematic investment plan contributions crossed the Rs 15,000-crore mark for the first time in July, industry data showed, reports Aseem Gujar. In FY14, MFs collected Rs 14,500 crore through SIPs in the entire fiscal. The steady rise in monthly SIP flows — which crossed the Rs 10,000-crore mark two years ago — comes on the back of retail investors’ growing maturity level and faith in the asset class. The surge points to the growing share of MF investments in household savings. “Investors in small towns are indirectly investing in stock markets through SIPs in MFs,” industry body Amfi’s chief N S Venkatesh said.Moreover, the industry’s assets under management have grown by 25% year-on-year, underscoring mutual f...

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Inflows: August MF SIP inflows at record 15,800 crore with 36 Lakh new accounts

SIP mop-up in July topped entire year’s figure for FY14