NEW DELHI: Mutual fund investment through systematic investment plans (SIP) has emerged as a proxy of retail optimism in the equity market.Some Rs 4,000 crore flowed in to mutual fund schemes through the SIP route every month in recent time. From January to April, inflows through SIPs were in excess of Rs 4,000 crore each month. The industry added about 6.26 lakh SIP accounts on a monthly basis all through FY17, Amfi data shows.“If that is the case, we should have seen 75.12 lakh (6.26 times 12 months) new SIP accounts during the year. The growth in SIP accounts has been 38 per cent at 1.35 crore over approximately 98 lakh last year, which is not that phenomenal. But we still have to see how do investors behave once we see a decline in the market,” he said.

Source: Economic Times May 16, 2017 07:02 UTC