The latest AMFI data shows that of the total Rs.8,055 crore SIP contribution received in March 2019, 88% or Rs.7,082 crore came through distributors. This shows that distributors have played a key role in promoting SIPs among investors.
The trend is similar if we analyse the number of SIP accounts. Of the 2.62 crore SIP accounts in the industry, 89% that is 2.33 crore SIP accounts were activated under a regular plan. Similarly, regular plan SIP AUM stands at Rs.2.4 lakh crore which is 90% of the industry’s SIP AUM.
Vishal Kapoor, CEO, IDFC MF believes that both national distributors and IFAs have painstakingly educated clients about the benefits of investing via the SIP route through various initiatives like IAPs, social media posts and meetings. Their efforts have made SIP the mainstay in an investor’s portfolio.
Kailash Kulkarni, CEO, L&T MF commends the distributor community for its efforts in bringing investors in the SIP fold. According to him, many first-time investors have entered the equity markets in the last two years. Both IFAs and national distributors have played a crucial role in guiding these investors to invest in equities with a long-term view of over 10-15 years. However, equities being a volatile product they have helped clients navigate the volatility through SIPs.
SIP contribution during the month of March 2019
|
Direct Plan |
Regular Plan |
Total |
|
|
No. of SIP accounts |
29,56,500 |
2,32,68,721 |
2,62,25,221 |
|
SIP contribution (in Rs. crore) |
973.81 |
7,081.54 |
8,055.35 |
|
SIP AUM (in Rs. crore) |
27,021.37 |
2,39,793.35 |
2,66,814.72 |
Source: AMFI
