The struggling domestic mutual fund industry has reasons to smile, in spite of tight regulatory scenario and poor penetration. The fund houses’ continuous investor awareness programmes across the country have finally started showing results.
The mobilisation of funds from retail investors through the systematic investment plan (SIP) route has shown a steep rise of over 40 per cent. According to a top official of the Securities and Exchange Board of India, the amount collected through SIPs has risen to as high as Rs 1,200-1,300 crore a month. It earlier stood at around Rs 800-900 crore.