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CAMS recently launched 'digi SIP', a Mutual Fund SIP with speed, convenience and offering digital experience.Referring to it, Kumar said, the company launched digi SIP on its website which SIPs can be set up via the digital mode in seven days significantly reducing the lead time by 30 days."During the last three years, the Mutual Fund SIP growth has been noteworthy," he said in an interaction.
SIP is a superior way to get the best returns from the volatile equity asset class," he said.
On initiatives taken by CAMS Asset Management Service to educate new customers about SIP, he said the company promotes the basics of SIP through short video presentations in social media platforms.
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About the reasons for the rise in SIP registrations, the CAMS deputy CEO attributed it to the increasing investor awareness and confidence in mutual funds.