Listen to this article
Of the total SIP AUM of Rs. 6.83 lakh crore, 24% or Rs. 1.65 lakh crore has stayed invested for more than five years, shows AMFI data.
The data also reveals that in terms of SIP accounts, 11% or 73.14 lakh accounts of the total 6.36 crore accounts are active for more than five years. These figures show stability and that investors are continuing to stay long, said AMFI in a press meet.
The data also shows that 23% or Rs. 1.54 lakh crore of the total SIP AUM is less than a year old. Notably, 38% or 2.39 crore SIP accounts were opened in the last one year. Commenting on these figures AMFI said that the investor awareness campaign of AMFI is bearing fruit and more and more investors are investing in SIPs
SIP longevity in T-30 Vs B-30 cities
T-30 and B-30 cities individually manage Rs. 4.52 lakh crore and Rs. 2.31 lakh crore of SIP AUM. This forms 66% and 34% of the total SIP AUM, respectively.
While 24% of T-30 and B-30 SIP AUM has stayed active for over five years, 22% of T-30 SIP AUM and 23% of B-30 SIP AUM is in new accounts opened in the last one year.
Overall, the longevity trend in SIP AUM and SIP accounts in these cities is more or less in line with the industry trend.
