Business News

Mutual Fund SIP Contributes to Set a New Record In August

Mutual Fund SIP Contributes to Set a New Record In August

The investment in the mutual fund continued to surge in August, shows data released from the Association of Mutual funds in India (AMFI).  With monthly SIP contributions rising to Rs. 9,923 crore, new SIP registration now reached 25 lakh, the highest number ever. The number of registrations last month was nearly 2.5 times higher than…