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SIP Book Growth: Investors’ Confidence on the Rise
Systematic Investment Plans (SIPs) have become increasingly popular among investors, reflected by the steady month-on-month growth in SIP collections. In July 2024, the SIP book reached a remarkable ₹23,332 crore, up from ₹21,262 crore in the previous month. Below is a detailed table showing the SIP book data from January 2022 to July 2024.
Monthly SIP Book Data (January 2022 to July 2024)
| Month | SIP Book (₹ Crore) |
|---|---|
| January 2022 | 11,517 |
| February 2022 | 11,438 |
| March 2022 | 12,328 |
| April 2022 | 11,863 |
| May 2022 | 12,286 |
| June 2022 | 12,276 |
| July 2022 | 12,140 |
| August 2022 | 12,694 |
| September 2022 | 12,976 |
| October 2022 | 13,040 |
| November 2022 | 13,307 |
| December 2022 | 13,573 |
| January 2023 | 13,856 |
| February 2023 | 13,686 |
| March 2023 | 14,276 |
| April 2023 | 13,727 |
| May 2023 | 14,749 |
| June 2023 | 14,734 |
| July 2023 | 15,245 |
| August 2023 | 15,813 |
| September 2023 | 16,420 |
| October 2023 | 16,928 |
| November 2023 | 17,073 |
| December 2023 | 17,610 |
| January 2024 | 18,838 |
| February 2024 | 19,186 |
| March 2024 | 19,271 |
| April 2024 | 20,371 |
| May 2024 | 20,904 |
| June 2024 | 21,262 |
| July 2024 | 23,332 |
Reasons for SIP Book Growth:
- Increasing Investor Confidence:
SIPs have emerged as a disciplined and long-term investment strategy. The consistent growth in SIP collections reflects the increasing confidence among investors that SIPs can offer substantial returns over time. - Market Stability:
Investing through SIPs is an effective way to mitigate market volatility. By making small, regular investments, investors can potentially achieve better long-term returns. - Financial Awareness:
There has been a significant rise in financial awareness among Indian investors, leading to a steady increase in SIP investments.
Future Outlook
The SIP book reaching ₹23,332 crore in July 2024 is a clear indication that Indian investors are increasingly leaning towards long-term wealth creation through SIPs. This trend is likely to continue, benefiting the Indian mutual fund industry in the long run.
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