Inflows in the mutual fund industry through systematic investment plans or SIPs reached over Rs 1.24 lakh crore in the financial year 2021-22, a jump of 30 per cent from the preceding fiscal, suggesting growing popularity of the route among retail investors to generate long term wealth. In comparison, an inflow of Rs 96,080 crore through the route was registered in 2020-21, data with the Association of Mutual Funds in India (AMFI) showed. Moreover, mutual fund SIP contribution has seen over two-fold rise during the five years. It was at Rs 43,921 crore during 2016-17.