Mutual Funds: The New-Age Investment Mantra

Mutual Funds: The New-Age Investment Mantra

Ninad Ramdasi
/ Categories: DSIJ_Magazine_Web, MF - Special Report, DSIJMagazine_App, Mutual Fund, Special Report

The mutual fund industry in India has seen a remarkable surge in acceptance among retail investors, as evidenced by the exponential growth in Systematic Investment Plans (SIPs). Starting at a modest ₹3,100 crore at the beginning of FY17, monthly SIP contributions have now crossed the ₹23,000 crore mark every month, reaching ₹23,332 crore in July 2024. This eightfold increase highlights the growing confidence of individual investors in mutual funds as a reliable investment avenue. 

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