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Added on : 2018-04-16 18:31:23

Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 67,190 crore through this route in 2017-18, an increase of 53 per cent from the preceding fiscal. In comparison, Rs 43,921 crore was collected through the investment plan in 2016-17, according to the latest update with Association of Mutual Funds in India (Amfi). The increased interest in SIPs (systematic investment plans) can be attributed to strong performance of equity schemes and investor education initiated by Amfi and mutual fund houses, Geojit Financial Services Executive Director Satish Menon said.

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