In September 2024, mutual fund SIP inflows reached an all-time high of ₹24,509 crore. This was 52.78 percent greater than the equivalent statistics in 2023, which was at ₹16,042 crore
Mutual Funds: SIPs have grown in favor among mutual fund investors because they allow for rupee cost averaging and disciplined investing without the need to worry about market timing.
Most retail investors view SIPs as a practical and wise choice when it comes to investing in mutual funds. The reason for the prolonged defiance of gravity in systematic investment plans (SIPs) inflows is understandable.
They have been playing at an increasingly loud volume, and they don’t seem to be going anywhere anytime soon. SIP inflows reached an all-time high of ₹24,509 crore in September 2024. Compared to the same statistics of 2023, which was ₹16,042 crore, this was 52.78 percent greater. According to the most recent data from the AMFI (Association of Mutual Funds in India), there are currently 9.87 crore mutual fund SIP accounts in India.
What are the advantages of investing via SIPs?
- Rupee cost averaging
2. Investing discipline
- Ease of investment
4. Flexibility
