Comments
Retail investors have continued to remain buoyant with SIP flows into mutual funds reaching to ₹7,985 crore in October, a surge of 42 per cent from the year-ago level, despite stock market volatility on the back of rupee depreciation and rising crude oil prices. It was at ₹5,621 crore in October last year.
With this, total funds garnered through SIPs (systematic investment plans) have reached to ₹52,472 crore in the current fiscal so far (April-October), according to the data available with Association of Mutual Funds in India (AMFI).
In the entire 2017-18, over ₹67,000 crore was mopped-up through SIP route, which is more than ₹43,900 crore in the preceding fiscal.
SIPs have been the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.