MF News SIPs in index funds gain traction but equity schemes remain the preferred choice

SIPs in index funds gain traction but equity schemes remain the preferred choice

AMFI data shows a 73% jump in the index fund SIPs. However, equity schemes continue to constitute 85% of the total live SIP accounts.

Karishma Gagwani Nov 21, 2022

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The MF industry recorded a 30% annual rise in live SIP accounts. The SIP count increased from 4.49 crore as on Sept 30, 2021 to 5.84 crore as on Sept 30, 2022.

Category-wise analysis showed rising investor interest in index funds as the SIP accounts significantly increased by 73% to 16.51 lakh. Liquid & overnight funds recorded the next highest rise of 60%.

However, growth options of equity schemes remained the preferred choice of investors. While the SIP accounts increased by 30%, the proportion of these schemes in the total live SIP accounts remained constant at 85%. The proportion of other schemes also remained more or less in line with the last year.

Category-wise SIP AUM

The total SIP AUM was Rs. 6.35 lakh crore as on Sept 30, 2022. With 87% share, equity schemes were the top contributors. Hybrid schemes followed next and formed 8% of the total sip AUM.

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