Indian Mutual Funds have currentlyabout 2.16 crore (21.6 million) SIP accounts through which investors regularlyinvest in Indian Mutual Fund schemes.
Systematic Investment Plan or SIP as it iscommonly known, is an investment plan (methodology) offered by Mutual Fundswherein one could invest a fixed amount in a mutual fund Scheme periodically atfixed intervals – say once a month instead of making a lump-sum investment. TheSIP instalment amount could be as small as ₹500 per month. SIP is similar to arecurring deposit where you deposit a small /fixed amount every month.
SIP is a very convenient method ofinvesting in mutual funds through standing instructions to debit your bankaccount every month, without the hassle of having to write out a cheque eachtime.
SIP has been gaining popularity amongIndian MF investors, as it helps in Rupee Cost Averaging and also in investingin a disciplined manner without worrying about market volatility and timing themarket.
Month-wise amount collected from FY 2016-17 onwards are mentioned below :
|Month||SIP Contribution ₹ core|
| ||FY 2018-19||FY 2017-18||FY 2016-17|
|Total during FY|| ||67,190||43,921|