An analysis of AMFI data shows that of the total 5.28 crore live SIP accounts, 52% or 2.75 crore are from T-30 cities. Following T-30 closely, B-30 cities contribute the remaining 48% or 2.53 crore SIP accounts.
The data also reveals that 66% or Rs. 3.81 lakh crore of the total SIP AUM of Rs. 5.76 lakh crore has come from T-30 cities. B-30 cities make up for the remaining 34% by contributing Rs. 1.95 lakh crore.
While the SIP AUM has increased 35%, the proportionate contribution of T-30 and B-30 cities in the AUM remains almost the same.
T-30 cities lead across fund categories
A major part of the SIP AUM across fund categories is from T-30 cities. These cities contribute 66% of equity SIP AUM, 67% of debt SIP AUM, 64% of hybrid SIP AUM and 66% of the remaining SIP AUM. Other schemes include solution oriented funds, index funds, domestic FoF etc.
Equity schemes enjoy the biggest slice of the SIP AUM pie
Equity schemes contribute close to 87% to the total SIP AUM in T-30 as well as B-30 cities. Hybrid schemes enjoy the next big slice but they form only 8% of the total SIP AUM. The share of other schemes including debt funds and index funds is far less.
