MediumPositive
Announced Mon, 20 Jul · 05:30 IST
SIP investors not reacting to short-term fluctuations, says Amfi chief
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AI summary
India's mutual fund SIP inflows remain robust at around Rs 30,000 crore per month despite market volatility, geopolitical tensions, and foreign portfolio investor outflows, according to Amfi CEO Venkat Nageswar Chalasani. Approximately 95 million SIP accounts are contributing an average of Rs 3,000 per account, and the trend reversed in May with new SIP registrations outpacing closures. The Amfi chief attributed investor resilience to sustained financial literacy initiatives and a growing preference for disciplined, long-term goal-based investing over reacting to short-term fluctuations.