SIP inflow touches all-time high in September

According to the latest Association of Mutual Funds in India (AMFI) data, the monthly inflows to mutual funds through SIP reached an all-time high of Rs. 5,516 crore in September.

The mutual fund industry has collected close to Rs. 15,700 crore through SIPs during July to September 2017. During the same period last year, SIPs had clocked Rs. 10,529 crore. The SIP inflows has increased by Rs. 5,140 crore or 49 per cent in the second quarter of 2017.

Another positive sign for the mutual fund industry is the increase in the SIP accounts. The number of total SIP accounts till June 2017 were 1.45 crore; it has increased to 1.66 crore in September 2017, adding 21 lakh accounts.

It is believed that retail investors continue to pour money into equity mutual funds through SIPs due to its convenience and operational ease. With the NACH (National Automated Clearing House) mandate, registration of SIP has become faster and can be completed in 20 days, against a month earlier. Investors can start a SIP with as little as Rs. 500 per month and have the flexibility of adding or deducting from their SIP accounts at any given time.