AMFI: SIP contribution to mutual fund industry stood at Rs. 5893 crore in Nov 2017
Dec 11 2017
News Category: Industry Update
According to data from the Association of Mutual Funds in India, the Systematic Investment Plan (SIP) contribution to the mutual fund industry rose to Rs. 5,893 crore in Nov 2017 from Rs. 5,621 crore in Oct 2017, recording a growth of 4.84% or Rs. 272 crore. The increase in SIP inflow may be attributed to new investors entering the mutual fund industry through the SIP channel and increase in the SIP amount from existing investors.