SIP registrations double on market rally Retail investors are joining the equities party with a renewed zest. With the markets rallying sharply in the past three months, registration of new systematic investment plans (SIPs) have more than doubled compared to the monthly average of 2013-14 as well as on a year-on-year (y-o-y) basis in July. New SIP registrations stood at 2.76 lakh in July, data sourced from CAMS MFDex that represents about 90% of the industry showed. Registrations surged 109% on a y-o-y basis and 116% over the monthly average of 2013-14 in July. Source: Economic Times August 23, 2014
Posted on: Sun, 31 Aug 2014 07:56:49 +0000
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