Triggered by growing awareness of investors and lacklustre show by traditional asset classes, systematic investment plans (SIPs) are set to double in the next couple of years both in volume and value, says a report. It can be noted that SIPs, which are a relatively new investment opportunity in the country, have already trebled in the past three years to cross Rs 4,580 crore. The 42 mutual funds together have over 1.4 crore SIP accounts worth Rs 4,584 crore. In May this year alone, MFs witnessed as much as 5 lakh SIP folios being added. "The monthly inflow of SIPs, which stood at Rs 1,206 crore in March 2014, increased to Rs 3,989 crore in March 2017.

Source: dna June 25, 2017 09:43 UTC