Every 9 out of 10 SIPs that are older than 5 years are in regular schemes. June 2022 data shows that the industry has 48.6 lakh live SIP accounts which are older than 5 years and 44.3 lakh of these are in regular plans.
T-30 cities have a slightly higher share of old SIP accounts. They account for 25.6 lakh such ‘older than 5 years’ SIPs as against B-30's tally of 25.2 lakh.
'Direct plans are slowly gaining ground'
Direct plans have raised their share in SIPs across time frames in the last one year, resulting in a slight decline in the dominance of regular schemes.
For example, the share of regular schemes in '>5 year' bracket is down from 93% in June 2021 to 91% in June 2022. Similarly, in the 4-5 year frame, the share is down from 91% to 89%.
However, this momentum of direct plans may be coming to a halt. The SIP longevity data shows that between July 2021 and June 2022, regular plan distributors performed much better than their 'direct' peers. As of June-end 2022, 61% of the 'less than 1 year' SIP accounts were in regular schemes, which is much higher than the 41% share at the end of June 2021.
|
June-end 2022 |
||||
|
Total direct |
Total regular |
Total |
% regular |
|
|
> 5 years |
4.25 |
44.34 |
48.60 |
91 |
|
4-5 yrs |
5.42 |
43.20 |
48.62 |
89 |
|
3-4 years |
11.80 |
38.54 |
50.31 |
77 |
|
2-3 years |
18.86 |
43.24 |
62.11 |
70 |
|
1-2 years |
38.46 |
65.34 |
103.80 |
63 |
|
less than 1 year |
93.35 |
148.07 |
241.42 |
61 |
|
June-end 2021 |
||||
|
Total direct |
Total regular |
Total |
% regular |
|
|
> 5 years |
2.22 |
29.30 |
31.52 |
93 |
|
4-5 yrs |
2.37 |
25.48 |
27.85 |
91 |
|
3-4 years |
5.63 |
48.33 |
53.97 |
90 |
|
2-3 years |
14.70 |
53.64 |
68.34 |
78 |
|
1-2 years |
23.73 |
49.04 |
72.77 |
67 |
|
less than 1 year |
57.44 |
40.64 |
98.08 |
41 |
