Mutual fund SIP accounts rise 1.2 million after six-month stagnation

A SIP is a way for people to invest a little bit of money in mutual funds every month, like putting coins in a piggy bank.

Many people use SIPs to save for the future.

For six months, the number of people actively putting money into SIPs stayed the same.

Then in July, that number went up by 1.2 million.

The stock market had been going down, which scared some investors.

When the market is shaky, some people stop their SIPs.

But many new people also started SIPs, so the total still grew.

Experts say people who started investing recently were disappointed by lower returns.

Some investors chose to pause their SIPs and invest bigger amounts all at once instead.

Overall, the news is good because more people are saving through SIPs again.