The increase in the average ticket size is accompanied by a rise in net SIP account additions, implying that new investors are investing more through SIPs than existing ones. Net SIP account additions surged to a new high of 3.52 million in July, nearly 2.5 times higher than the average over the past two years. The total number of SIP accounts reached 93 million, while the total assets under management (AUM) for funds linked to SIP accounts touched ₹13.1 lakh crore or one-fifth of the total AUM of the mutual funds in India.
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