Indian Mutual Funds have currently about 2.05 crore (20.5 million) SIP accounts through which investors regularly invest in Indian Mutual Fund schemes.
Systematic Investment Plan or SIP as it is commonly known, is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund Scheme periodically at fixed intervals – say once a month instead of making a lump-sum investment. The SIP installment amount could be as small as ₹500 per month. SIP is similar to a recurring deposit where you deposit a small /fixed amount every month.
SIP is a very convenient method ofinvesting in mutual funds through standing instructions to debit your bankaccount every month, without the hassle of having to write out a cheque eachtime.
SIP has been gaining popularity among Indian MF investors, as it helps in Rupee Cost Averaging and also in investing in a disciplined manner without worrying about market volatility and timing the market.
AMFI data shows that the MFindustry had added about 9.72 lacs SIP accounts each month on an average during the FY 2017-18, with an average SIP size of about ₹3,130 per SIP account. Month-wise amount collected during FY 17-18 vis-à-vis amount collected during FY 2016-17 are mentioned below :
SIP Contribution ₹ core
Total during FY
Have you started investing through SIP? If not, open a SIP account right away.