At 1.97 mn, new SIP openings in May lowest in 12 months
The spike in volatility may not have impacted equity inflows, but it has weighed on new investors coming via the systematic investment plan (SIP) route. In May, 1.97 million new SIPs got registered – nearly 15 per cent lower than the previous five-month average of 2.3 million – reveals the data provided by the Association of Mutual Funds in India. […]
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