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While it is common knowledge that long-term investment in mutual funds through SIPs helps navigate market mood swings, there are other aspects of SIPs that investors have not fully realised.
"The net inflows into the mutual fund industry were to the tune of Rs 25,616 crore in November 2023, up from Rs 11,373 crore in January this year. On a year-on-year basis, net inflows surged by 93% compared with Rs 13,264 crore in November 2022," it said. The net AUM (assets under management) stood at around Rs 49.05 lakh crore as of November 30, 2023, up from Rs 39.62 lakh crore as of January 31, 2023.