Business

Mutual Fund Industry: Monthly SIP flows top 17,ooo crore mark

MUMBAI: Monthly flows into the mutual fund industry through the systematic investment plans (SIPs) reached an all-time high of Rs 17,073 crore in November as more investors are now convinced with the process that instills discipline and regularity to their investments. The number of SIP accounts for the fund industry reached a new high at close to 7.5 crore, latest data from industry trade body AMFI showed.

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