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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

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1 Comment
nayan · 1 month ago
any report for 10 year and for more than 10 year?
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