SIP's share in MF AUM hit new high of 17% in October, shows data

But overall AUM has increased a mere 6%

Mutual funds’ (MFs’) push for systematic investing seems to have struck a chord with investors. In the past few years, the assets in systematic investment plan (SIP) accounts are growing at a much faster pace than the MF industry’s overall assets under management (AUM), reveals data from the Association of Mutual Funds in India.

In the past year, SIP AUM has risen 22 per cent, from Rs 5.5 trillion to Rs 6.6 trillion. During the same period (November 2021 to October this year), the overall AUM of the MF industry rose only 6 per cent to Rs 39.5 trillion.

As a result,