SIP inflows extend all-time highs for 3rd month in row, but there's a catch3 min read . Updated: 10 Jan 2023, 05:50 PM IST
- In December, the inflows in SIPs stood at a fresh all-time high of ₹13,573 crore. This is higher compared to inflows of ₹13,306 crore in November and ₹13,041 crore in October. Inflows in SIPs have stayed above ₹13,000 crore mark for the third time in a row now.
The appetite for mutual funds via Systematic Investment Plan (SIP) has continued to gain traction so far in FY23. The inflows in SIPs extended their all-time high levels for the third month in a row in December. This would be the 16th month that SIPs inflow is above ₹10,000 crore. The year 2022 has now recorded an inflow of ₹1,49,437 crore in SIPs. This shows that investors are becoming aware of the benefits SIP can bring to their investments ahead. However, the data also suggests that cancellations of SIPs have also reached to 25-month high which is concerning.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more