Mutual Fund SIPs accounts stood at 2.98 CRORE!
The total amount collected through SIP during December 2019
was Rs. 8,518 crore
Indian Mutual Funds have currently about 2.98 crore (29.8
million) SIP accounts through which investors regularly invest in
Indian Mutual Fund schemes.
Systematic Investment Plan or SIP as it is commonly known, is an investment plan (methodology)
offered by Mutual Funds wherein one could invest a fixed amount in a mutual
fund Scheme periodically at fixed intervals - say once a month instead of
making a lump-sum investment. The SIP installment amount could be as small
as ₹ 500 per month. SIP is similar to a recurring deposit where you deposit a
small /fixed amount every month.
SIP is a very convenient method of investing in mutual funds
through standing instructions to debit your bank account every month, without
the hassle of having to write out a cheque each time.
SIP has been gaining popularity among Indian MF investors, as it
helps in Rupee Cost Averaging and also in investing in a disciplined manner
without worrying about market volatility and timing the market.
AMFI data shows that the MF industry had added, on an average,
9.55 lacs SIP accounts each month during the FY2019-20, with an average SIP
size of about ₹2,850 per SIP account.
Month-wise amount collected from FY 2016-17 onwards are mentioned
below :
|
Month
|
SIP
Contribution ₹ core
|
||||
|
|
FY 2019-20
|
FY 2018-19
|
FY 2017-18
|
FY 2016-17
|
|
|
Total during FY
|
74,398
|
92,693
|
67,190
|
43,921
|
|
|
March
|
8,055
|
7,119
|
4,335
|
||
|
February
|
8,095
|
6,425
|
4,050
|
||
|
January
|
8,064
|
6,644
|
4,095
|
||
|
December
|
8,518
|
8,022
|
6,222
|
3,973
|
|
|
November
|
8,273
|
7,985
|
5,893
|
3,884
|
|
|
October
|
8,246
|
7,985
|
5,621
|
3,434
|
|
|
September
|
8,263
|
7,727
|
5,516
|
3,698
|
|
|
August
|
8,231
|
7,658
|
5,206
|
3,497
|
|
|
July
|
8,324
|
7,554
|
4,947
|
3,334
|
|
|
Jun
|
8,122
|
7,554
|
4,744
|
3,310
|
|
|
May
|
8,183
|
7,304
|
4,584
|
3,189
|
|
|
April
|
8,238
|
6,690
|
4,269
|
3,122
|
|
Details of new SIPs registered and discontinued during FY 18-19
are as under :
(SIP Count in Lakh)
|
Month
|
Total No. of outstanding SIP Accounts
|
No. of New SIPs registered
|
No. of SIPs discontinued
|
SIP AUM
₹ crore |
SIP Contribution
₹ crore |
|
Apr – Nov 19
|
297.73
|
85.99
|
50.51
|
3,17,022
|
74,398
|
|
Dec 19
|
297.73
|
9.62
|
5.91
|
3,17,022
|
8,518
|
|
Nov 19
|
294.02
|
10.89
|
5.55
|
3,12,155
|
8,273
|
|
Oct 19
|
288.68
|
10.03
|
5.30
|
3,03,400
|
8,246
|
|
Sep 19
|
283.95
|
8.50
|
5.63
|
2,88,735
|
8,263
|
|
Aug 19
|
281.08
|
8.80
|
5.83
|
2,71,105
|
8,231
|
|
Jul 19
|
278.11
|
10.19
|
5.63
|
2,68,864
|
8,324
|
|
Jun 19
|
273.55
|
9.29
|
5.40
|
2,81,393
|
8,122
|
|
May 19
|
269.66
|
9.65
|
5.86
|
2,79,629
|
8,183
|
|
Apr 19
|
265.87
|
9.02
|
5.40
|
2,69,621
|
8,238
|
|
Apr 18- Mar 19
|
262.25
|
109.54
|
58.75
|
2,66,815
|
92,693
|
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