As the financial year 2022-23 comes to a close, Bandhan Mutual Fund is pleased to report that the Mutual Fund Industry has seen a significant rise in the flows coming in vide Systematic Investment Plans (SIP). According to recent reports, SIP collections have risen 25% to reach Rs. 1.56 Lakh Crore, crossing yet another significant milestone for the industry.
“Bandhan Mutual Fund (erstwhile IDFC Mutual Fund) has always believed that SIP is one of the best ways to invest to achieve your financial goals. It allows investors to invest a fixed amount of money regularly over a period of time, thereby ensuring disciplined investing and long-term wealth creation and more importantly being able to take advantage of averaging. The fact that SIP collections have grown significantly over the past year only reinforces this belief,” says Gaurab Parija, Head- Sales & Marketing, Bandhan AMC.
“There are several reasons for this rise in SIP collections. First and foremost, as an industry, we have also made several efforts to promote the benefits of SIP investing. We have conducted various awareness campaigns, online seminars, and interactive sessions to educate investors about the importance of investing regularly, staying invested for the long term, and choosing the right funds based on their financial goals and risk appetite. This has led to an increase in awareness among investors about the benefits of long-term investing. More and more investors are realizing that investing in mutual funds through SIPs is a great way to achieve their long-term financial goals, be it saving for retirement, building a corpus for their children’s education, or buying a house. Secondly, industry data on SIPs and consequent returns across time periods and market cycles Indian investors are getting more convinced of following this simple yet powerful way of taking advantage of market ups and down. Lastly, as we start the next financial year, we expect the trend of rising SIP collections to continue. We believe that with this simple and effective tool called SIP, investors can achieve their financial goals and secure their future. We look forward to continuing to serve our investors and help them achieve their financial aspirations through disciplined investing’’, Parija added.