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Monthly inflows in mutual fund SIP at over Rs 12k cr during May-Aug: Amfi
Investors are betting big on systematic investment plan or SIP to generate long-term wealth with monthly flow in the mutual fund industry through the route continuing to be over Rs 12,000 crore for the past four months.
In fact, inflows through the SIP route touched an all-time high of Rs 12,693 crore in the month of August, a latest data with Association of Mutual Funds in India (AMFI) showed.
The inflows through SIP has been growing above 12,000-crore mark since May. It was at Rs 12,140 crore in July, Rs 12,276 crore in June, Rs 12,286 crore in May. Prior to that, it was at Rs 11,863 crore in April.
With this, total inflow has reached to Rs 61,258 crore in the first five months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year.
Investors are flocking towards the SIP route for making investments as it helps investors, especially the salaried people, make the investment process simpler.
"Investors don't have to think abou
