Yes.. SIP hai.. toh mumkin hai

*MF SIP Numbers as on Apr 30, 2024 :*

1. The Number of SIP accounts are 8.70 crores. In these accounts, there is Rs. 11.26 lac crores of AUM. That is almost 19.6% of the total mutual fund industry AUM ( Rs. 57.26 lac crores)

2. About 60% of (8.7 crores accounts) the SIP accounts are less than 2 years old. They have 39% of the SIP AUM (Rs. 11.26 lac crores).

3. Overall, 12% of the SIP accounts & 28% of the SIP AUM are more than 5 years old.

4. To note, today, 43% of the SIPs are less than 1 year old & 12% are 5 years old.

5. The SIP collection of the mutual fund industry crossed Rs. 20,000 crores in a month in April 2024. 63.65 lacs new SIPs were registered, 33.35 lacs SIPs were discontinued.

Source : AMFI April 2024

Ask yourself 

Have you Participated in #Bharat and your personal finance growth story

Believe in India’s Growth Story 

🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

#Invest in #bharat through #SIP in #Equity #Mutualfunds  for #Wealthcreation and #financialfreedom

RITESH JALAN

#CFP #QPFP

#samparkonline #learnb4uearn