25 Apr SIPs Marching On
Mutual funds collect Rs44,000 crore in FY 2016-17 through SIPs.
SIPs continue to remain the favorite option for retail investors to invest in mutual funds.
AMFI’s latest data shows that the industry mopped up close to Rs44,000 cr in FY 2016-17 through SIPs.
In fact, the monthly inflows in mutual funds through SIPs reached an all-time high at Rs4,355 crore in March 2017.
In April 2016, the industry received Rs3,122 crore through SIPs.
Increase in the average ticket size of SIP. The average ticket size of SIP has grown from Rs2,500 in July 2016 to Rs3,200 in March 2017.
In terms of SIP accounts, the industry had 1.35 crore active SIP accounts in March 2017 compared to 98.57 lakh in the corresponding period last year.
On an average, AMFI data shows, the MF industry has been adding about 6.26 lakh SIP accounts each month.
Investing through SIPs gives multiple benefits to investors like diversion of risk; it tides over market volatility, and so on. SIPs are continuously gaining popularity as these suit all types of investors.”
SIP has been gaining popularity among Indian MF investors, as it helps in Rupee Cost Averaging, and in investing in a disciplined manner without worrying about market volatility and timing the market.
SEBI Investor Survey (SIS) 2015 says that six out of 10 investors prefer investing in mutual funds through SIP.