 "Ashwani Bhatia, Whole - Time Member, SEBI (Photo: Kamlesh Pednekar)")
The rising trend of retail systematic investment plans (SIPs) in mutual funds (MFs) has presented an opportunity to increase monthly investment of $1.2 per person to $5 in the next five years, said Ashwani Bhatia, whole-time member of Securities and Exchange Board of India (Sebi).
Addressing the Business Standard BFSI Insight Summit, Bhatia said with a $5 per person monthly SIP, the industry can aspire to grow from the current monthly inflows of Rs 13,000 crore to Rs 50,000 crore in five years.
“Five years back when the asset under management (AUM) was at Rs 20 trillion, the AUM deposit
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