With growing retail participation, index funds are now making meaningful contributions to flows coming through the systematic investment plan (SIP) route.
Their share now accounts for almost 5 per cent of the monthly SIPs, up from 3.5 per cent a year ago. Index funds have managed to increase their share amid a twofold rise in SIP inflows from ₹556 crore in September 2023 to ₹1,158 crore in September 2024. SIP inflows had first crossed the ₹1,000 crore mark in July 2024.
The low-cost mutual fund (MF) space has been at the centre of the new fund offering (NFO) rush in the ongoing calendar year. This comes as fund houses took the passive route to launch innovative offerings.
According to MF officials, the surge in retail participation is a result of growing awareness amid a slew of launches.
This story is from the October 29, 2024 edition of Business Standard.
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This story is from the October 29, 2024 edition of Business Standard.
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