SIP Inflows Reflect Faith and Maturity Among Investors
The mutual fund industry in India is witnessing a surge in popularity, as investors continue to show their faith in SIP investments. In March 2023, mutual fund inflows rose by 31 per cent, reaching a 12-month high. The latest data reveals an increase in retail investor participation, as the monthly SIP figure surpassed the Rs 14,000 crore mark. Interestingly, despite the mid-March slip in the equity market, equity mutual funds attracted the most funds, with total allocation reaching Rs 20,534 crore.