Mutual Fund SIPs accounts stood at Rs. 1.40 crore

Mutual Funds have currently about 1.40 crore (14 million) Systematic Investment Plan (“SIP”) accounts through which investors regularly invest in Mutual Fund schemes.

Association of Mutual Funds in India (“AMFI”) data shows that the MF industry had added about 6.26 lacs SIP accounts each month on an average during the FY 2016-17, with an average SIP size of about Rs. 3,200 per SIP account.

During FY 16-17, a total amount of Rs. 43,921 crore was collected through SIP.

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