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Mutal fund SIPs, inflows remain strong despite volatility
Fund houses received Rs 7985 crore through systematic investment plans (SIPs) in October, a 42% increase on a year-on-year (y-o-y) basis. Net inflows into equity MFs in October was the highest since February this year. SIPs continue to show an upward trend with monthly contributions of Rs 7985 crores as against Rs 7727 crores last month, he said. The fixed income segment contributes only about 5% in volume terms and about 2% in value terms to overall SIPs.
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