(As I write this, the complete impact of COVID 19 may have yet not been factored in Indian or global markets.) Indian market too has witnessed the same sharp correction & mutual fund investors must e witnessing a lot of volatility.
I have always maintained India is a country of middle class & they earn on recurring basis & hence over the period of time, SIP (Systematic Investment Plan) became extremely popular mode of investing in Equity Mutual Funds. As per AMFI data, there are more than 3 Crore SIP accounts as on January 2020. More than 1 crore SIP accounts were added in FY 2018-19 and a higher number is expected to be added in this financial year as well. Rs 8,532 Crores were invested through SIP in the month of January 2020 compared to just around Rs 4,100 Crores in January 2017. Many investors have created wealth by investing through SIPs, At the same, several investors have not been able to reap maximum benefits from their SIPs.
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