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Retail investors have continued to remain buoyant with SIP flows into mutual funds reaching to ₹7,985 crore in October, a surge of 42 per cent from the year-ago level, despite stock market volatility on the back of rupee depreciation and rising crude oil prices. It was at ₹5,621 crore in October last year.
With this, total funds garnered through SIPs (systematic investment plans) have reached to ₹52,472 crore in the current fiscal so far (April-October), according to the data available with Association of Mutual Funds in India (AMFI).
In the entire 2017-18, over ₹67,000 crore was mopped-up through SIP route, which is more than ₹43,900 crore in the preceding fiscal.
SIPs have been the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk.
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