During the bull run, stock prices rise indiscriminately. So, it is advisable to raise the SIP inflow in order to buy the same number of mutual fund units that you could buy with a lesser amount
The total number of SIP accounts touched 7.63 crore in December 2023, out of which, 40.3 lakh were added in one month alone. It was for the first time that 40 lakh new SIP accounts were added in a month.
SIP contribution in mutual funds reached ₹1,66,131 crore in the first 11 months ending Nov 30, 2023 witnessing 22.23 percent increase from previous year’s contribution for the corresponding period.
RIAs are investment advisors who are certified by the capital markets regulator Sebi to share their advice with investors with regards to investing in the securities markets and mutual funds