Mutual Fund SIP Inflow Jumps By 320 Percent in 8 Years, 1.20 Lakh Crore Investment Came In 2024 Till Date

Mutual Fund SIP: In June 2024, for the first time, SIP investment in mutual funds has crossed Rs 21,000 crore and reached Rs 21,262 crore. Between April and June, the first quarter of the financial year 2024-25, an investment of Rs 62,537 crore has come in mutual funds through Systematic Investment Plan. It is clear from these figures that retail investors in India are not behind in both investing directly in the stock market or indirectly in mutual funds through SIP. Due to this enthusiasm of retail investors, the Indian stock market is trading near the all-time high.

SIP investment of Rs 1.20 lakh crore in 2024

According to the data of AMFI, in the month of April, an investment of Rs 20,371 crore came through SIP of mutual funds. Whereas in May 2024, it has increased to Rs 20,904 crore. And now it has been Rs 21,262 crore in June. Whereas in the first six months of 2024, an investment of Rs 119,833 crore has come through SIP. There are less than 9 crore SIP accounts in the country right now. At present, the number of SIP accounts is 8.98,66,962 crore. According to market experts, there is a possibility of a big jump in it in the coming days. That is, there is a possibility of further increase in the investment coming through SIP in mutual funds.

SIP investment increased by 1.40 lakh crores in 8 years

The extent to which the flow of investment through SIP in mutual funds has increased can be gauged from the fact that in the financial year 2016-17, an investment of Rs 43,921 crore came in mutual funds through SIP. Which increased to Rs 96,080 crore during the Corona financial year 2020-21. In 2021-22, an investment of Rs 1.24 lakh crore came through Systematic Investment Plan, in 2022-23, an investment of Rs 1.56 lakh crore came. In 2023-24, it increased to Rs 1.84 lakh crore. And in the first three months of 2024-25, an investment of around Rs 1.20 lakh crore has come. From the financial year 2016-17 to 2023-24, there has been a jump of 318 percent in the investment made in mutual funds through SIP.

Investors focus on wealth creation

Mutual funds industry experts believe that investing through SIP is the best way to invest in the equity market. The investor buys units of mutual funds at every level in the market, which helps him to build a large corpus if he continues to invest in the long term. Akhil Chaturvedi, Executive Director and Chief Business Officer of Motilal Oswal Asset Management Company, said, investors are using the short-term fluctuations in the market in their favor for wealth creation in the long term. He said, SIP inflow is continuously increasing and it has reached Rs 21,262 crore with a jump of 1.70 percent from last month.

SIP investment reduces risk

Through Systematic Investment Plan, mutual fund companies allow investors to do SIP once a month or once a week or some asset management companies even do it on daily basis. The risk on investment is reduced through SIP.

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