SIP means Systematic Investment Plan where Investors regularly invest in Mutual Fund schemes similar to recurring deposit.
Read about SIP more here. “Is the SIP investment concept suit you?”
Indian Mutual funds have currently about 309.5 lakhs SIP Accounts as of Feb-2020.
No of New SIP Accounts registered is 11.39 Lakhs.
Total SIP AUM value is 311431 Crores.
Total SIP Monthly Contribution value is 8513 Crores. (0.22% decrease)
All the data are from AMFI website.
There has been a slight dip in SIP in-flow in the month of February due to the fear of Coronavirus and other global market volatility impacts.
To achieve your financial goal, SIP should not be stopped during the market falling period because this is the time you buy more units.
Check out our SIP Calculator here to calculate your returns.