This is why SIPs are recommended for mutual fund investors
Updated: 16 Aug 2022, 09:26 AM IST
TL;DR.The monthly contribution to mutual funds via SIPs declined to ₹12,140 crore in July from ₹12,276 crore in the previous month. Regardless, systematic investment plan is seen as a convenient and effective way to invest in mutual funds. Read further to know more on this
Despite the fall in total SIP contributions, investment advisors feel that this would change soon.