ET Intelligence Group: The account cancellation for systematic investment plans (SIP) hit a record high of 15.4 lakh in December 2022 amid shrinking one-year rolling equity returns according to the data from the Association of Mutual Funds in India (AMFI).
The previous cancellation peak of 12.5 lakh was in January 2022. The average monthly discontinuation was 10.82 lakh in the past 12 months. The 12-month rolling return of the Sensex fell to a measly 0.5% in December compared with 2% a year before.
