SIP flow continues to break record

Average monthly flow through SIPs has grown from Rs 1,000 crore a month to Rs 5,000 crore at present

Inflow into mutual funds (MFs) through Systematic Investment Plans (SIPs) touched a new record high in July. The Rs 20-lakh crore fund industry registered SIP inflow of nearly Rs 5,000 crore, about 50 per cent more than in July 2016.
 
Under the SIP route, an investor commits to invest a fixed sum every month. SIPs have become a popular investment route among investors, increasingly looking at channelising their monthly savings in high-yielding assets like equities. July was the third straight month when SIP inflow touched a new record, with average monthly flow during this period at Rs 4,760 crore.