SIP inflow rises for first time in 7 monthsBreaking a half year streak of decline, India’s investment in mutual funds through Systematic Investment Plans (SIP) rose to ₹7,800 crore in October indicating a return to normalisation for the retail investor.
The industry raised ₹7,800 crore through the SIP route last month, compared with ₹7,788 crore garnered in September, data from the Association of Mutual Funds in India showed.
This is the first time since March this year—the month when the first lockdown was announced—that SIP inflows have increased.