SIP collections fall 4% y-o-y to ₹96,000 crore in FY21

Collections through systematic investment plans (SIPs) fell 4% to ₹96,000 crore in the 2020-21 fiscal, as per the Association of Mutual Funds in India (AMFI). According to AMFI, Indian mutual funds have about 3.73 crore SIP accounts currently through which investors regularly invest in schemes.