SIP account additions slip to 6-month low in November, shows Amfi data

Quick Summary:

Data from the Association of Mutual Funds in India (Amfi) shows that the decline in net additions was largely due to a sharp fall in new registrations.

SIPs have increasingly become a habit-forming investment strategy, providing a reliable method for investors to deploy money in equity markets.

Only 10 equity NFOs, including passive ones, came to a close in November compared to 24 in October.

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Category: BusinessFinance

Markets: India

Topics: SIP investment Amfi statistics on SIP accounts Mutual Funds Investors Mutual fund SIP trends 2024 SIP Mutual funds SIP additions decline 2024 SIP account growth

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 19:09:00 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24354697

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