Sep 18, 2019

Indians who are facing investment / recession: Investing in mutual funds through SIP

Despite the deterioration of the global slowdown and equity market, mutual funds are keeping investors excited. In August, an average of 5 lakh new investors have been added to the account which has reached a total of 8.53 crore. Investors entering mutual funds in bad markets are showing long-term returns. Despite volatility in the equity market, mutual funds are keeping investors excited. In August, Systematic Investment Plan (SIP) investment increased by 7.5% to Rs. 8,231 crore have been reported. In the first five months of the current financial year, SIP increased its total investment to 41098 crore from 36760 crore in the corresponding period of the previous year.

Investment in a set of 44 fund houses, mainly in equity funds, is based on SIP
SIPA became the preferred way for retail investors to invest in mutual funds, as it helps reduce market risk, Amphi's report said. The investment under SIP was 8231 crore in August as against 7658 crore in the same period last year. According to data from the Association of Mutual Funds in India, investment growth in equity funds, mainly in a cluster of 44 fund houses at the end of August, is based on SIP. In July this year, the investment under SIP was 8,324 crore. In comparison, August dropped marginally. The investment was Rs 8,122 crore in June, Rs 8,183 crore in May and Rs 8,238 crore in April. During the 12 months to August, the investment flow in SIP was on average Rs 8,000 crore. NS Venkatesh, chief executive officer of Amphi, said investment in SIP will depend on the strength of equity in September.

SIP's 2.81 million account in MF
The total account folios in mutual funds have an average of 2.81 crore SIP accounts, through which investors regularly invest in Indian mutual fund schemes. The sector has added an average of 9.39 lakh SIP accounts per month during the current financial year (2019-20), with an average ticket size of around Rs 2,900.
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