Mutual Funds’ SIP collection rises 25 per cent to Rs 1.56 lakh crore in FY23

Inflows in the mutual fund industry through systematic investment plans or SIPs reached Rs 1.56 lakh crore in 2022-23, up 25 per cent from the preceding fiscal, suggesting retail investors’ trust in the route despite volatility in the markets. In comparison, an inflow of Rs 1.24 lakh crore through the route was registered in 2021-22 and Rs 96,080 crore in 2020-2021, data with the Association of Mutual Funds in India (Amfi) showed.

Moreover, mutual fund SIP contribution has seen over three-fold rise during the last seven years. It was at Rs 43,921 crore during 2016-2017.

Additionally, SIP book has also grown consistently from Rs 12,328 crore in March 2022 to an all-time high of Rs 14,276 crore in March 2023, indicating a growth of 16 per cent.