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Systematic Investment Plans (SIPs) in Mutual Funds in India

News and Press Release - Dated:- 25-11-2016 - Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:17 IST The number of has almost doubled from 60 lakh as on 31st March 2014 to 116.3 lakh as on 31st March 2016. It has further increased to 134.5 lakh as on 31st October 2016. The details of number of SIPs are as follows: As on Number of SIPs (in lakh) 31st March 2014 60.0 31st March 2015 90.2 31st March 2016 116.3 31st October 2016 134.5 The increase in number of SI .....

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ments is placed at Annexure. Annexure Steps taken by SEBI to create awareness regarding SIP investments (i) To increase investor awareness: 2 basis points for investor education: In order to have greater and more focused investor education, mutual funds/Asset Management Companies (AMCs) are required to annually set apart at least 2 basis points on daily net assets within the maximum limit of Total Expense Ratio (TER) for investor education and awareness. Several AMCs have utilized this amount to .....

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rther, to promote financial inclusion, Mutual Foods (MFs) need to make available printed literature on MFs for investor awareness and education in regional languages. Also, MFs need to introduce investor awareness campaign, both in print an electronic media, in regional languages. The use of regional languages has helped in broadening the reach of marketing and investor education material related to SIP. Also, to energize the distribution system, a new cadre of distributors was introduced b incl .....

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