<h1>SIP Growth in Indian Mutual Funds: Rising from 60 Lakh to 134.5 Lakh in Two Years, Driven by SEBI Initiatives.</h1> The number of Systematic Investment Plans (SIPs) in Indian mutual funds has significantly increased from 60 lakh in March 2014 to 134.5 lakh by October 2016. This growth is attributed to heightened investor awareness, market buoyancy, and a focus on cities beyond the top 15 by Assets Under Management (AUM). The Securities and Exchange Board of India (SEBI) has implemented measures to enhance SIP awareness, including mandating mutual funds to allocate funds for investor education and promoting financial literacy in regional languages. Additionally, mutual funds can charge an extra Total Expense Ratio to encourage investment from smaller towns.