SIP CONTRIBUTION GOING UP.....

 Mutual Fund SIP accounts stood at 4.49 CRORE! And the total amount collected through SIP during September 2021 was ₹10,351 crore

Indian Mutual Funds have currently about 4.49 crore (44.9 million) SIPaccounts through which investors regularly invest in Indian Mutual Fundschemes.

Systematic Investment Plan or SIP as it is commonly known, is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund Scheme periodically at fixed intervals - say once a month instead of making a lump-sum investment. The SIP installment amount could be as small as ₹ 500 per month. SIP is similar to a recurring deposit where you deposit a small /fixed amount every month.

SIP is a very convenient method of investing in mutual funds through standing instructions to debit your bank account every month, without the hassle of having to write out a cheque each  time. 

SIP has been gaining popularity among Indian MF investors, as it helps in Rupee Cost Averaging and also in investing in a disciplined manner without worrying about market volatility and timing the market. 

Month-wise amount collected from FY 2016-17 onwards are mentioned below:

Month		SIP Contribution ₹ crore
	FY 2021-22	FY 2020-21	FY 2019-20	FY 2018-19	FY 2017-18	FY 2016-17
Total during FY	56,454	96,080	1,00,084	92,693	67,190	43,921
March		9,182	8,641	8,055	7,119	4,335
February		7,528	8,513	8,095	6,425	4,050
January		8,023	8,532	8,064	6,644	4,095
December		8,418	8,518	8,022	6,222	3,973
November		7,302	8,273	7,985	5,893	3,884
October		7,800	8,246	7,985	5,621	3,434
September	10,351	7,788	8,263	7,727	5,516	3,698
August	9,923	7,792	8,231	7,658	5,206	3,497
July	9,609	7,831	8,324	7,554	4,947	3,334
Jun	9,156	7,917	8,122	7,554	4,744	3,310
May	8,819	8,123	8,183	7,304	4,584	3,189
April	8,596	8,376	8,238	6,690