The assets under management (AUM) of SIPs crossed the Rs 4 lakh-crore mark for the first time in February.
According to data released by AMFI, the SIP AUM stood at Rs 4.21 lakh crore at the end of February 2021. The figure is 7.97% higher than the January-end AUM of Rs 3.9 lakh crore.
The increase was mainly due to a surge in value of underlying assets of mutual funds. The SIP inflow contribution recorded in February is just Rs 7,528 crore as against a Rs 31,128 crore rise in SIP AUM.
Other latest SIP-related numbers:
- At Rs 7,528 crore, SIP inflow contribution in February was lower than that recorded in the previous month. It was Rs 8,023 crore in January
- Of the total monthly contribution, Rs 6,163 crore was under 'Regular' plan and Rs 1,365 crore under 'Direct' plan
- Total number of outstanding SIP accounts rose to 3.63 crore in February. It was 3.55 crore at the end of January
- Almost 15 lakh new SIPs were registered last month
- Over 7.8 lakh accounts either completed their tenure or were discontinued/paused
Scheme-wise data shows that around 85% SIP accounts are in equity-oriented schemes. Out of the total 3.63 crore accounts, about 3.07 crore accounts are in these schemes.
Growth in SIP AUM was seen across all categories of schemes except liquid and overnight funds. The AUM of these funds declined by 0.8% to Rs 277.33 crore. For equity oriented schemes, AUM went up 8% to Rs 3.7 lakh crore.
