News From Press SIP inflows hit due to shrinking disposable income, job loss fears

SIP inflows hit due to shrinking disposable income, job loss fears

The total SIP book dropped to Rs 8,123 crore in May, the lowest in the 11 months. It fell by nearly 3% sequentially for the second month in row.

ET Jun 19, 2020

The shrinking disposable income in the hands of retail investors and a fear of job loss has started affecting the inflows through the systematic investment planning (SIP) route. The ratio of discontinued SIPs and the new SIPs – the discontinuance ratio – hit a record high of 81% in May 2020, according to the data from the Association of Mutual Funds in India (AMFI). It was 61% in December 2019 while its 50-month average was49%.

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