SIP: No takers?
Moneylife Digital Team 26 April 2012

Mutual fund investors are showing declining interest in systematic investment plans (SIPs). The number of new SIP accounts peaked at around 0.2 million in August 2011 when HDFC Bank ran a massive contest along with four mutual funds that got many investors interested in SIPs. Since then, the number has steadily declined by more than 60% to around 75,000 new accounts now. Even the live equity...

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