SIP inflow soars 42% in Oct
Nov 14 2018
News Category: Industry Update
According to media reports, SIP inflow for Oct rose 42% from a year earlier to Rs. 7,985 crore. The growth is attributable to retail investors who showed immense resilience even in the face of market volatility amid ongoing macroeconomic concerns. So far in the financial year, the mutual fund industry has amassed Rs. 52,472 crore in SIP compared with a collection of Rs. 34,887 crore for the same period last year.