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AMFI data shows that the total number of live SIP accounts increased from 8.40 crore in March 2024 to 8.99 crore in June 2024, an increase of 59 lakh new accounts. The SIP accounts increased by 7% in Q1 FY25.
Of the total 8.99 crore live SIP accounts, majority of SIP accounts i.e. 4.78 crore are from B-30 locations.
Nashik MFD Ajay Kale, President of Guntavanuk Vikas Pratinidhi Sanstha (GVPS) believes that equity funds are the topmost choice of SIP investors.
Kota MFD Pankaj Ladha of Invest Aaj For Kal attributes the rising number of new SIP accounts to the performance of equity funds. He said, "The strong performance of the equity market over the past three years has attracted many investors to invest in equity funds through SIPs."
Here is the table for SIP accounts:
Note: SIP count in lakh
| Month | Total No. of outstanding SIP accounts | No. of new SIPs registered |
| Jun-24 | 898.67 | 55.13 |
| May-24 | 875.89 | 49.74 |
| Apr-24 | 870.11 | 63.65 |
| Apr 24 -Jun 24 | 898.67 | 168.52 |
The data also reveals that the majority of live SIP accounts are in equity growth plans, making up 82% of the total, which is approximately 7.36 crore accounts in June 2024.
Hybrid schemes hold the second-highest number of live SIP accounts, totaling 55.55 lakh accounts in the first quarter of FY25.
Further, index funds rank third with 38.5 lakh live SIP accounts, followed by income/debt-oriented schemes (excluding liquid & overnight funds), which have 25 lakh live SIP accounts for quarter ending June 2024.
Let’s look at the table to know more:
|
Category of schemes |
No. of live SIP Accounts ending Q1 FY25 |
% Share of total accounts |
||
|
T-30 |
B-30 |
Total accounts |
||
|
Growth/Equity Oriented |
3,57,17,432 |
3,78,56,668 |
7,35,74,100 |
82% |
|
Income/Debt Oriented |
8,27,140 |
16,83,538 |
25,10,678 |
3% |
|
Liquid & Overnight Funds |
4,94,556 |
15,71,317 |
20,65,873 |
2% |
|
Hybrid Schemes |
21,91,862 |
33,63,025 |
55,54,887 |
6% |
|
Solution Oriented Schemes |
3,07,318 |
4,12,497 |
7,19,815 |
1% |
|
Index Funds |
17,02,843 |
21,52,797 |
38,55,640 |
4% |
|
Other Schemes (other than Index Funds & including FoF-Domestic) |
8,08,045 |
7,77,924 |
15,85,969 |
2% |
|
Total |
4,20,49,196 |
4,78,17,766 |
8,98,66,962 |
100% |
