MFs get record monthly SIP inflows

SIP inflows were 44% higher compared to the corresponding month of last year

Inflows into mutual fund schemes through the so-called systematic investment plan (SIP) route hit a record high of Rs 4,584 crore in May. SIP inflows were 44 per cent higher compared to the corresponding month of last year and 20 per cent more than one-year average. 

SIP is an option wherein an investor makes a recurring commitment to put in a fixed income periodically. SIPs, as opposed to lump sum investments, help mitigate risk, particularly when the markets are trading at near record levels. 

Even the mutual fund industry benefits from SIPs flows as they are consistent in nature. The industry has been creating