SIP Contributions Surge 52%: What’s Driving Investor Interest?

Investors are flocking to Systematic Investment Plans (SIPs), with contributions soaring 52.78% in September 2024, reaching ₹24,509 crore compared to ₹16,042 crore last year. This surge highlights a growing preference for SIPs among retail investors, totaling nearly 9.87 crore accounts in India. The method offers advantages like Rupee Cost Averaging and disciplined investing without the stress of market timing. In just September, 66,38,857 new SIPs were registered, pushing the total Assets Under Management (AUM) to ₹13,81,704 crore. SIPs allow investments as low as ₹500 monthly, making them accessible to many.

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