SIP accounts under regular plan SIPs may be surviving longer than direct plan SIPs. An analysis of AMFI data shows that 2% of the total SIP accounts in direct plans are over 5 years old as compared to 10% in regular plans.
In absolute terms, of the total 90 lakh SIP accounts under direct plan, close to 2 lakh SIPs are over 5 years older.
On the other hand, SIPs under regular plans have a better longevity. Of the total 2.80 crore accounts, 27 lakh SIP accounts are older than 5 years.
The figures are as of March 31, 2021.
|
Time period |
Direct SIP accounts |
Proportion |
Regular SIP accounts |
Proportion |
|
> 5 years |
1,96,124 |
2% |
26,91,098 |
10% |
|
> 4 years up to 5 years |
1,83,937 |
2% |
21,87,874 |
8% |
|
> 3 years up to 4 years |
4,75,522 |
5% |
44,81,150 |
16% |
|
> 2 years up to 3 years |
12,15,147 |
14% |
56,91,497 |
20% |
|
> 1 year up to 2 years |
22,50,129 |
25% |
52,60,182 |
19% |
|
<1 year |
46,65,796 |
52% |
79,55,405 |
28% |
|
Total |
89,86,655 |
100% |
2,82,67,206 |
100% |
Data further shows that 48% of the total SIP accounts or 43 lakh SIP accounts under direct plans are older than one year.
Of the total 2.8 crore accounts, 72% or 2 crore SIP accounts under regular plans are continuing for more than a year.
Regular plans dominate SIPs
As of March-end 2021, there were around 90 lakh SIP accounts in direct plans. This is 24% of the total SIP accounts. With 2.80 crore accounts, regular plan SIPs have 76% share in the total SIP accounts.
|
Direct plan |
Regular plan |
Total |
|
|
SIP accounts |
89,86,655 |
2,82,67,206 |
3,72,53,861 |
|
Proportion |
24 |
76 |
100 |
Longevity of SIPs (direct + regular):
A look at the overall SIP figures (direct + regular) gives us a better idea of the longevity of SIPs. Data shows that 8% of the total SIP accounts are over 5 years old. In absolute terms, 29 lakh SIP accounts out of the total 3.70 crore accounts are more than 5 years old.
|
Time period |
SIP accounts |
Proportion |
|
> 5 years |
28,87,222 |
8% |
|
> 4 years up to 5 years |
23,71,811 |
6% |
|
> 3 years up to 4 years |
49,56,672 |
13% |
|
> 2 years up to 3 years |
69,06,644 |
19% |
|
> 1 year up to 2 years |
75,10,311 |
20% |
|
<1 year |
1,26,21,201 |
34% |
|
Total |
3,72,53,861 |
100% |
