SIPs gain popularity as MF investors pin hope on recovery

MUMBAI: Investors have latched on to Systematic Investment Plans (SIPs) of mutual funds in a big way in 2015-16. Data from CAMS shows that new SIP registrations for the financial year were 29.79 lakhs, up by 26% over the previous year. 

Live SIPs are up to 57.95 lakhs up by 32% and the average SIP size has moved up marginally from Rs 3368 to Rs 3450. CAMS serviced funds cover 61% of the mutual fund industry. 

"The Growth of SIPs indicates rising interest of investors towa .. 


Wealth managers point to a number of reasons for the sharp rise in SIPs. "Lower deposit rates in banks and small savings have forced investors to look out for alternative investments and many first time investors some started investing in equities through SIPs," says Amol Joshi, Founder, Plan Rupee Investments.

Some distributors believe that though it is incorrect to see past returns while investing, many investors tend to do so. Over the last year, past returns for equity funds for ..

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