51% rise in SIP contribution to mutual funds..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, February 22, 2018

51% rise in SIP contribution to mutual funds..!

51% rise in SIP contribution to mutual funds..!

There is a 51% rise in systematic investment plan (SIP) contribution to mutual funds (MFs) so far this financial year. At a time the markets are facing headwinds and stocks have corrected over 10%, the inflows through the SIP mode has hit an all-time high of Rs. 6,640 in January, 2018.

This is over the 62% rise in the corresponding previous month. Total number of SIP accounts is nearly 2 crore (20 million.)

The April-January period has witnessed total SIP inflows of over Rs. 53.600 Crore.

It stood at Rs. 35,500 Cr a year ago. In the current fiscal year, SIP inflow surpassed those received during 2016-17. In FY17, SIP inflow stood at Rs 43,900 Cr. FY18 is likely to end with total SIP inflow of nearly Rs. 66,300 Cr, if the trend continues.

Sector players remain bullish on SIP inflows. According to them, by mid-FY19, the sector may hit the Rs. 10,000 mark of monthly SIP inflows.

51% rise in SIP contribution to mutual funds..! Reviewed by S. Chitra on February 22, 2018 Rating: 5 51% rise in SIP contribution to mutual funds..! There is a 51% rise in systematic investment plan (SIP) contribution to mutual funds (MFs)...

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