Half of the total SIP accounts in the MF industry have been discontinued in the last financial years, shows IDFC MF Report based on CAMS MFDex data. The data shows that 49% of the total SIP registered were discontinued last financial year.
The report captures CAMS-MFDEx data, which covers 96% of the overall industry.
South leads in SIP retention
South Indians cling to their SIPs for the longest time. Data shows that the SIP ceased to SIP registration ratio of the south region is the best at 42%. The figure has improved from 46% in FY 2020.
East has the lowest SIP retention rate. For every new 100 SIPs registered, there were 54 discontinuations in FY 2021.