SIP inflows rise to record high in March

(20 second reading) SIP inflows for March surged to a record high, standing at Rs.19,271 crore, compared to Rs 19,187 crore in the previous month, according to data released by the AMFI.
This marks the second consecutive month where SIP inflows have surpassed the Rs.19,000 crore mark.SIP has emerged as a powerful tool in fostering financial discipline, particularly among young investors.
According to Swarup Anand Mohanty, Vice Chairman and CEO of Mirae Asset Investment Managers,
Mohanty expressed optimism about this consistent surge in SIP flows, foreseeing a potential milestone of Rs.25,000 crore by the end of 2024.