New mutual fund accounts opened via SIPs decline in June
Updated: 12 Jul 2022, 09:21 AM IST
TL;DR.The number of SIP accounts hit a new record of 55.4 million in June, compared with 54.8 million. Its assets under management were at ₹5.51 trillion at the end of June.
SIPs discontinued or whose tenure got over also rose to 1.14 million — the highest since January.