SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • MF News 6 out of 10 SIPs active for over 5 years

    6 out of 10 SIPs active for over 5 years

    In absolute terms, the AUM of these SIPs was Rs.44,000 crore as on December 2018.
    Nishant Patnaik Feb 18, 2019

    60% of SIPs in the mutual fund industry have been active for more than 5 years, shows the latest AMFI data.

    Of the 2.54 crore SIP accounts as on December 2018, nearly 1.53 SIPs are active for more than five years.

    This indicates that SIP investors focus on financial goals and stay put for long term. Experts attribute this trend to increasing awareness about the benefits of long term investments in equity funds through SIPs. Also, the investment horizon of people has increased due to goal based investment.

    If we look at absolute terms, the industry manages AUM of Rs.44,000 crore from such SIPs that is 18% of the total SIP AUM. Each of these SIP folios has roughly over Rs.29,000 as on December 2018.

    AMFI data also shows that the industry mopped up close to Rs.64500 crore in April-December through SIPs. In addition, the MF industry has added 9.31 lakh SIP accounts each month on an average during the first nine months of FY 2018-19.

    In fact, the total AUM of SIP stood at Rs.2.40 lakh crore as on December, i.e. 10.5% of the overall AUM of the mutual fund industry.

    Most of these SIPs have come through distributors. AMFI data shows that regular plans constituted 89% or 2.26 crore SIP accounts while 28 lakh SIPs were in direct plans. The AUM of SIPs under regular plan is Rs.2.16 lakh crore whereas the AUM of SIPs through direct plans stood at Rs.23500 crore.

    Age-wise analysis of SIP Accounts as on December 2018

    SIP Accounts continuing for

    No. of SIP Accounts

    % to Total

    > 5 years

    1,53,25,453

    60

    > 4 years up to 5 years

    13,89,110

    5

    > 3 years up to 4 years

    11,38,204

    5

    > 2 years up to 3 years

    23,97,507

    9

    > 1 year up to 2 years

    19,63,108

    8

    Less than < 1 year

    31,81,307

    13

    Total

    2,53,94,689

    100

     

    Source: AMFI

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    1 Comment
    nayan · 5 years ago `
    any report for 10 year and for more than 10 year?
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.