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.
Denne historien er fra November 11, 2022-utgaven av The Times of India.
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Denne historien er fra November 11, 2022-utgaven av The Times of India.
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