When was SIP began in India? What number of crores of individuals make investments now, know – India TV Hindi

have you learnt When was Systematic Funding Plan (SIP) began in India? It’s believed that the idea of SIP was first launched in India within the early Nineteen Nineties. Nonetheless, the ‘Mutual Fund Sahi Hai’ marketing campaign has made SIP and mutual funds standard within the nation. Allow us to inform you that information accessible from the Affiliation of Mutual Funds in India (AMFI) has proven that funding via SIP has elevated from Rs 3,122 crore in 2016 to Rs 19,187 crore by February 2024.

SIP accounts elevated greater than 11 occasions in 9 years

In accordance with Amfi information, there are round 8.20 crore SIP accounts in mutual funds immediately, via which buyers make investments commonly. On the finish of March 2015, the variety of SIP accounts was solely 73 lakh. Meaning the variety of SIP accounts has elevated greater than 11 occasions within the final 9 years. The whole belongings beneath administration (AUM) of the Indian mutual fund trade is predicted to cross the Rs 50 trillion mark in December 2023.

That is why mutual fund trade grew quickly

In accordance with trade specialists, the increase within the inventory market and rising participation of retail buyers have helped in rising funding within the mutual fund trade via the systematic funding route. Information accessible with AMFI additionally exhibits that annual contributions via SIP have additionally seen a gentle enhance.

From Rs 43,921 crore in 2016-17, the annual SIP ebook has grown to Rs 1,79,948 crore by February in FY 2023-24.

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