iStockSBI Mutual Fund, the largest fund house in the country by assets under management, registered more than 30 lakh new SIPs in FY 21-22 as on January 1, 2022, recording a growth of 39% as compared to the previous year. The fund house received an average monthly SIP flow of over Rs. 1,800 crore in the current financial year with the average ticket size of a SIP being around Rs. 2,500.
The fund house attributes the growth in the new SIPs to availability of its offerings through a strong distribution network of IFAs, National Distributors and SBI Branches. SBI Mutual Fund also has further increased its footprint in the country with the opening of new branches in several Tier 2 locations. SBI Mutual Fund commands a 19.7% market share in B30 locations, seeing a growth of 37% in active SIPs.
The fund house attributes the growth in the new SIPs to availability of its offerings through a strong distribution network of IFAs, National Distributors and SBI Branches. SBI Mutual Fund also has further increased its footprint in the country with the opening of new branches in several Tier 2 locations. SBI Mutual Fund commands a 19.7% market share in B30 locations, seeing a growth of 37% in active SIPs.
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