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SIPs on the rise
Jan 29, 2020

Today's chart shows the monthly trend in SIP inflows.

In the month of December 2019, SIP inflows into mutual funds hit an all-time high of Rs 8,518 crore.

Here's more...

  • AMFI data shows that mutual funds added, on average, 9.55 lakh SIP accounts each month during FY2019-20, with an average SIP size of about Rs 2,850 per SIP account.
  • From April to December 2019, there were a total of 85.99 lakh new SIP registrations. Indian mutual funds have currently about 2.98 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes.
  • Total SIP AUM (assets under management) has been growing steadily. As on December 2019, the total SIP AUM stood at Rs 3.17 lakh crore.

I hope you get the big picture that I'm trying to show you.

A lot of money is continuously pouring into the stock markets despite all the bad news about the economy.

In fact, I've also been recommending my Insider subscribers to buy stocks that take advantage of this megatrend.

Data Source: AMFI

This Chart Of The Day was published in The 5 Minute WrapUp - This Man Is Worried, So He Just Started Buying Stocks

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