SIP investments surpassed Rs. 17,000cr for first time in November
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Systematic investment plans (SIPs) in India reached an all-time high of Rs. 17,073 crore in November, according to the Association of Mutual Funds in India (AMFI). However, equity mutual funds saw a decrease in net inflows to Rs. 15,536 crore in November, 22.15% down from Rs. 19,957 crore in October. Speaking to Moneycontrol, Manish Mehta, Sales Head of Kotak Mutual Fund, said, "SIPs continue to attract new investors with increasing awareness of benefits of SIP and mutual funds."