SIP Inflows Rise 4% in September Amid Overall Mutual Fund Outflows

The mutual fund Systematic Investment Plan (SIP) inflows rose nearly four per cent at 29,361 crore rupees in September this year as compared to 28,265 crore rupees in August, according to data from the Association of Mutual Funds in India (AMFI). The total net assets under management (AUM) of the mutual fund industry reflected steady increase at 75.61 lakh crore rupees last month as compared to 75.18 lakh crore rupees in August.  However, inflows across the board slipped, with debt funds leadi...