There is some good news for the mutual fund industry. The monthly inflows in mutual funds through SIPs has reached all time high at Rs.4000 crore in December 2016, shows a note sent to fund houses by AMFI.
Cafemutual has a copy of this note.
The note shows that the total amount collected through SIP during the month of December 2016 was Rs.3973 crore of which Rs.395 crore collected under direct plan and Rs.3578 crore under regular plan.
The total AUM of SIP was Rs. 1.28 lakh crore, which is about 8% of the overall MF Industry AUM. Of these, the AUM of SIPs collected under regular plan is Rs.1.19 lakh crore or 92% whereas the AUM of SIPs collected through direct plans stood at Rs.8800 crore.
Interestingly, over half of SIP accounts have been active for more than five years. Of the 1.23 crore SIP accounts as on December 2016, nearly 65 lakh or 53% SIPs are active for more than five years. This accounts for AUM of close to Rs.29,000 crore or 23% of total AUM of SIP accounts.
While the industry has added 56 lakh new SIP accounts in April-December 2016, 29 lakh accounts were discontinued or matured during the same period. In December 2016, the industry has witnessed net addition of 2.60 lakh SIPs.
Currently, the industry has over 1.13 crore SIPs in regular plans and 10 lakh SIPs in direct plans.
