1.52 crore SIP accounts do you have one

The mutual funds have currently about 1.52 crore SIP accounts through which investors are regularly investing in every month in various mutual fund schemes.

Yes it is a investment methodology in which investor invest a fixed amount in regular interval of time as once in a month instead of investing a lump sum or at once. Minimum investment amount of 500 rupees.

As per AMFI about 8.23 Lacs SIP accounts are adding in each month on an average during FY 2017-2018 with an average SIP amount of rupees 3250.00 rupees.

• Total collection of money through SIP accounts during April 17 To July 17 is 18544.00 crores
• During FY 16-17 total amount of 43921 crore was collected through SIP.

All the above figure are showing how is it gaining the popularity in investing options available now days.

Have you started it - if not start today.