Now, total number of outstanding SIP accounts have touched 7.63 crore, out of which, 40.3 lakh were added in December alone, reveals AMFI data. It was for the first time that 40 lakh new SIP accounts were added in a month.
In the preceding months of Oct and Nov, the new SIP accounts stood at 34.66 lakh and 30.8 lakh, respectively.
“Whenever the market does well, SIP numbers will naturally increase. Investors very well understood the importance of saving and investment during Covid. Now th