Recent AMFI data shows that more than 60% or 1.75 crore SIP accounts are continuing for over 5 years. As on October 31, the total number of SIP accounts in the MF industry stood at about 2.89 crore.
The AUM for SIP accounts continuing for more than 5 years, however, is considerably lower. As of October end, the total SIP AUM was Rs 3.03 lakh crore. Of this, only a tad over 18% (or Rs 55,102 crore) has been continuing for more than five years.
Here are some other notable trends in the SIP continuity data.
Direct vs Regular
Direct plans accounted for nearly 25.67 lakh SIP accounts or 8.9% of the total 2.89 crore SIP accounts are continuing for more than 5 years. AUM in these accounts stood at Rs 3,612 crore.
Regular plans, on the other hand, accounted for nearly 1.49 crore SIP accounts or 51.4% of the total 2.89 crore SIP accounts that are continuing for more than 5 years. AUM in these accounts stood at Rs 51,490 crore or 17% of the industry’s total 3.04 lakh crore SIP AUM.
|
SIP Accounts continuing for |
Direct |
Regular |
||
|
Number of SIP accounts |
Proportion of total SIP accounts |
Number of SIP accounts |
Number of SIP accounts |
|
|
> 5 years |
25,66,891 |
8.9% |
1,48,84,177 |
51.4% |
|
> 4 years up to 5 years |
2,21,257 |
0.8% |
13,16,384 |
4.5% |
|
> 3 years up to 4 years |
1,70,374 |
0.6% |
11,44,891 |
4.0% |
|
> 2 years up to 3 years |
3,26,758 |
1.1% |
24,05,693 |
8.3% |
|
> 1 year up to 2 years |
3,48,262 |
1.2% |
18,59,832 |
6.4% |
|
Less than < 1 year |
5,89,795 |
2.0% |
31,17,498 |
10.8% |
|
Total |
42,23,337 |
14.6% |
2,47,28,475 |
85.4% |
T30 vs B30 -
In T30 cities, nearly 91.72 lakh SIP accounts or 31.7% of the total 2.89 crore SIP accounts are continuing for more than 5 years. AUM in these accounts stood at Rs 37,370 crore.
In B30 cities, the number of SIP accounts continuing for more than 5 years stood at 82.79 lakh accounts or 28.6% of the total 2.89 crore SIP accounts. AUM in these accounts stood at Rs 17,432 crore.
|
SIP Accounts continuing for |
Number of SIP accounts in T30 |
Proportion of total SIP accounts in T30 |
Number of SIP accounts in B30 |
Proportion of total SIP accounts in B30 |
|
> 5 yrs |
91,72,310 |
31.7% |
82,78,758 |
28.6% |
|
> 4 years up to 5 years |
9,55,248 |
3.3% |
5,82,393 |
2.0% |
|
> 3 years up to 4 years |
7,56,264 |
2.6% |
5,59,001 |
1.9% |
|
> 2 years up to 3 years |
16,47,332 |
5.7% |
10,85,119 |
3.7% |
|
> 1 year up to 2 years |
12,64,035 |
4.4% |
9,44,059 |
3.3% |
|
Less than < 1 year |
20,98,519 |
7.2% |
16,08,774 |
5.6% |
|
Total |
1,58,93,708 |
54.9% |
1,30,58,104 |
45.1% |
