Showing a strong surge in retail investor
interest, Indian mutual fund (MF) industry has seen the number of its new
Systematic Investment Plans (SIPs) grow by 18% to about 73 lakh at the end of
March 2015.
Mostly preferred by small investors, SIP allows
investment of a fixed & small sum on a monthly basis or other regular
intervals in a mutual fund schemes.
The total SIP count of the industry rose to 73.05
lakh at the end of March this year
(2015) from 62.10 lakh last year, as per the latest data.
A rally in the share markets & increased
participation from retail investors has helped mutual fund industry get more
investments through the systematic investment route, market insiders said.
Besides, a large amount of these SIPs have been
added in B-15 cities as investors from smaller towns and areas are showing
great interest.
B-15 Cities are smaller cities and towns beyond
the top-15 cities including metros like New Delhi, Mumbai Kolkata &
Chennai.
Mutual Fund houses have been organising investor
education programmes to reach out to retail investors and help them participate
in the Indian stock markets through the MF route.
Growth in SIP number is in line with the BSE
Sensex surging by 25% in the last financial year. (2014-15)
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