Inflows into systematic investment plans (SIPs) of mutual funds spiked to ₹18,838 crore in Jan 2024, reflecting a jump of 36% in just one year. Consequently, total SIP assets under management have touched the highest-ever figure of ₹10.26 lakh crore.
Investments in systematic investment plans of mutual funds surged to ₹18,838 crore in January 2024, marking a 36% increase in just one year. As a result, the total assets under management (AUM) for SIPs have reached a record-high of ₹10.26 lakh crore.