Indian Mutual Funds have currently
about 2.38 crore (23.8 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 of
investing in mutual funds through standing instructions to debit your bank
account every month, without the hassle of having to write out a cheque each
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
AMFI data shows that the MF industry
had added about 10.07 lacs SIP accounts each month on an average during the FY
2018-19, with an average SIP size of about ₹3,200 per SIP account.
Month-wise amount collected from FY
2016-17 onwards are mentioned below :
SIP Contribution ₹ core
Total during FY
Have you started investing through SIP? If not, open a SIP account right away.