 "SIP")
Systematic investment plans (SIPs) of mutual funds (MFs) have seen a spike in demand with new registrations touching a five-year high already this year. Around 19.5 million new SIPs have been registered till December end, as against 14.1 million in the whole of financial year 2020-21 (FY21). Market participants say increasing investor awareness and positive experiences have spurred this increase. The data from Association of Mutual Funds in India (Amfi) shows that new registrations have topped 2 million every month since June, touching 2.6 million in September, the highest so far this year.
Ajit Menon, chief executive officer of PGIM India
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