scorecardresearchNew mutual fund accounts opened via SIPs decline in June

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.

SIPs discontinued or whose tenure got over also rose to 1.14 million — the highest since January.