Mumbai: Monthly flows into mutual funds through the systematic investment plan (SIP) route crossed the Rs 13,000-crore mark for the first time ever in October on the back of retail investors’ growing maturity level and faith in the asset class. This marks an over 50% growth in monthly SIP contribution from Rs 8,641 crore in March 2020 when the pandemic struck.
The number of folios in the MF industry too reached an all-time high at slightly above 13.9 crore, along with those held by retail investors, at about 11.1 crore.
Esta historia es de la edición November 11, 2022 de The Times of India.
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Esta historia es de la edición November 11, 2022 de The Times of India.
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