After a short-term blip, mutual funds (MFs) are back to adding new systematic investment plan (SIP) investors at a record high pace, which was seen during the financial year 2021-22 (FY22).
During the first six months (H1) of this financial year (FY24), MFs have added a net 77 million SIP accounts compared to 56 million during the same period of FY23.
The net additions this year are a tad higher than the 76.5 million additions in H1 of FY22.
AMFI data suggests that of the total mutual fund assets held by individual investors in equity-oriented schemes, on average, 48 percent is redeemed within two years. This appears to run contrary to the narrative of increased SIP inflows.
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