The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the ₹20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility.
The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March.
"India's MF industry has reached yet another milestone with the SIP book crossing above 20,000 crore in April 2024. It shows the MF industry has received higher acceptance from investors to invest their savings and create wealth in the long term via the SIP route," said A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company (AMC).
Diese Geschichte stammt aus der May 10, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der May 10, 2024-Ausgabe von Business Standard.
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