Around 51-53 lakh SIPs were added during the last two financial years, while around 59 lakh SIP have been registered during the first five months of FY 2022, SEBI chief Ajay Tyagi said on Thursday.
The SEBI chief was speaking at CII's 12th Financial Markets Summit.
SIP registrations have surged in the past few months. In fact, the count is touching new peaks for the last three months. In June, 21.3 lakh new accounts were registered. The count went up to 23.79 lakh in July and 24.9 lakh in August.
As a result, the net addition in SIP accounts in the past 12 months is about 1 crore. The total number of SIP accounts has reached 4.30 crore.
SIP inflows are also on a high. In August, a new record was set at Rs 9,923 crore.
While releasing the mutual fund data for the month of August, AMFI CEO N Venkatesh said the rise in retail participation showed emergence of mutual funds as a long term wealth creation avenue.
"SIP AUM at record high of Rs 5.26 lakh crores, healthy rise in SIP accounts at record 4.32 crore and monthly SIP contribution at an all-time high at Rs 9,923 crore are reflective of established and rising retail preference towards mutual funds as a long-term wealth creation avenue," Venkatesh said.
'AIF registrations cross 700 mark'
The SEBI chief said 90 new Alternate Investment Funds (AIF) were registered in the last financial year (FY 2021).
"Last financial year saw 90 new AIFs registered with SEBI under different categories, taking the total number of registered AIFs to more than 700; the cumulative investments increased from around INR 1.5 lakh crore to around INR 2 lakh crore i.e.33% increase in a year," he said.
