Mumbai: The majority of mutual fund investors who put their money through a systematic investment plan (SIP) came from small cities compared to the top 10 metro and other large business hubs.
Of about 59 percent in 2017, contributions through SIPS are now increasing to 64 percent, an ethmoney survey shows.
“SIP inflows come from all over the country and one country of the four angles found a place in the top five states with the highest sip contribution.
Maharashtra at 20.6 percent, Uttar Pradesh at 11.2 percent, Delhi at 9 percent, Bengal West at 8.1 percent and Karnataka at 5.7 percent is currently leading the package as a country with the highest sip inflow, “the results of the survey by Etmoney showed.
Etmoney is a leading application for financial services in India.
Part of the money invested through SIPS also rises every year in different income groups, research shows.
This shows that people trust each other and continue to climb their contributions every year with their income increase.
In the revenue group Rs 5-10 lakh, SIPS share of more than 6 percent in 2021, he said.
This survey also refers to improving investment habits.
More than 70 percent of investors now do not stop their customs for at least one year.
This number has grew continuously from 49 percent in 2017 to 56 percent in 2018 to 61 percent in 2019 and 68 percent in 2020, the Etmoney survey showed.
“This report also shows a constant increase in SIPS begins by investors in 30 and the age group above,” he said.