Most of the net SIP accounts in equity funds has come from regular plans i.e. through distributors, shows the latest CAMS data. The number of net SIP accounts is calculated by deducting SIPs ceased and SIPs expired from the number of new SIP accounts.
CAMS data that covers 65% of the industry AUM shows that the MF industry has added 5.41 lakh net SIP accounts between April-July 2019. Of these net SIP accounts, 53% or 2.85 lakh net SIP accounts came from regular plans. The remaining 47% or 2.55 lakh accounts were from direct plans.
Interestingly, the growth in net number of SIP accounts in regular schemes have witnessed an upward trajectory compared to direct schemes that saw a downfall.
In case of direct schemes, the highest number of SIP accounts have come in April and the lowest in July. On the other hand, in regular schemes, the highest number of SIP accounts have come in June and the lowest in April.
Experts believe that direct plan investors pull out quickly in the absence of guidance and handholding by advisors in volatile markets. Between April and July, NSE Nifty 50 fell by over 4%.
|
Month |
Net SIPs |
Net accounts in direct schemes |
Net accounts in regular schemes |
Direct share |
Regular share |
|
April |
1,18,283 |
68,483 |
49,800 |
58% |
42% |
|
May |
1,30,637 |
63,944 |
66,693 |
49% |
51% |
|
June |
1,53,585 |
65,985 |
87,600 |
43% |
57% |
|
July |
1,38,111 |
56,992 |
81,119 |
41% |
59% |
|
Total |
5,40,616 |
2,55,404 |
2,85,212 |
47% |
53% |
T30 vs B30 trend
If we segregate the number of SIP accounts based on its geographical location, around 3.24 lakh accounts or 60% came from T30 cities. The rest 40% or 2.16 lakh accounts came from B30 cities.
|
Month |
Net SIPs in T30 |
Net SIPs in B30 |
Total net SIPs |
T30 share |
B30 share |
|
April |
70,878 |
47,405 |
1,18,283 |
60% |
40% |
|
May |
77,651 |
52,986 |
1,30,637 |
59% |
41% |
|
June |
95,168 |
58,417 |
1,53,585 |
62% |
38% |
|
July |
80,117 |
57,994 |
1,,38111 |
58% |
42% |
|
total |
3,23,814 |
2,16,802 |
5,40,616 |
60% |
40% |
