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SIP inflows hit record high at ₹8,518 cr in Dec

Jan 08, 2020 19:23 IST

Systematic Investment Plan or SIP inflows during December 2019 jumped by ₹245 crore month-on-month to a record high of ₹8,518.47 crore, according to the Association of Mutual Funds in India (AMFI) data released on Wednesday. The SIP inflow in November, 2019 stood at ₹8,272 crore. Also, the total number of SIP accounts increased to 2.97 crore while the assets under management or AUM under SIPs surged to ₹3.17 lakh crore, up from ₹3.12 lakh crore in November.