What mutual fund SIPs are really about
The Hindu
They make you invest, automates that investment and keeps you building wealth over the years
At about ₹5.65 lakh crore, the mutual fund systematic investment plans (SIP) accounts for 15% of the total mutual fund assets under management (AUM).
That’s higher from the 13% share in April 2021. SIP AUM has grown at almost double the rate that the entire mutual fund AUM has between April and December 2021, with monthly SIP amounts breaking past ₹10,000 crore last September.
All this is welcome! SIPs are great ways to invest and build wealth. But along the way, the SIP, its purpose and benefits have become somewhat contorted. So, here’s putting SIPs in perspective — what they are and how they really help you.
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