MF News Indians investors have opened over 1.50 crore new SIP account in FY 2022

Indians investors have opened over 1.50 crore new SIP account in FY 2022

Total SIP count increases from 3.72 crore to 5.28 crore over the last one year.

Karishma Gagwani May 13, 2022

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Indians have been doing SIPs like never before. AMFI data reveals that investors have opened 1.50 crore new SIP accounts in FY 2021-22.

While the industry has added close to 2.66 crore new SIPs, it recorded discontinuation of 1.11 crore last financial year taking the net addition to 1.55 crore.

Overall, the mutual fund industry has recorded 5.28 crore net SIP accounts in FY 2021-22 as against 3.73 crore in the previous year, an increase of 42%.

Here are the SIP numbers for the last twelve months.

AMFI data also reveals that the industry received a total of Rs.1.25 lakh crore through monthly SIP contributions in FY 2022.

The MF industry closed the financial year with a SIP AUM of Rs. 5.76 lakh crore, which forms around 15% of the overall industry AUM of Rs. 37.57 lakh crore.

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