SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity.
Nevertheless, the year-on-year growth showcased volatility due to an increase in SIP discontinuations, rising by thirty-one percent.
This trend outpaced new account registrations.
Despite cooling growth in contributing SIP accounts, net SIP inflows saw a healthy twenty-one percent rise compared to last year, totaling ₹32,297 crore.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
