Mutual Fund SIPs accounts stood at 1.52 CRORE in Indian MF industry

Mutual Fund SIPs accounts stood at 1.52 CRORE in Indian MF industry .

And the total amount collected through SIP during July 2017 was
4,947 crore.

AMFI data shows that the MF industry had added about  8.23 lacs  SIP accounts each month on an average during the FY 2017-18, with an average SIP size of about ₹ 3,250 per SIP account.

Month-wise amount collected during FY 17-18 is as mentioned below :

April 2017  Rs. 4,269 cr
May2017  Rs. 4,584 cr
June2017  Rs. 4,744 cr
July2017  Rs. 4,947 cr

Indian Mutual Funds have currently about 1.52 crore (15.2 million) SIP accounts through which investors regularly invest in Indian Mutual Fund schemes.



Systematic Investment Plan (SIP) as it is commonly known, is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund Scheme periodically at fixed intervals – say once a month instead of making a lump-sum investment.

The SIP instalment amount could be as small as ₹500 per month. SIP is similar to a recurring deposit where you deposit a small /fixed amount every month.

SIP is a very convenient method of investing in mutual funds through standing instructions to debit your bank account every month, without the hassle of having to write out a cheque each time.

SIP has been gaining popularity among Indian MF investors, as it helps in Rupee Cost Averaging and also in investing in a disciplined manner without worrying about market volatility and timing the market.

AMFI data shows that the MF industry had added about 8.23 lacs SIP accounts each month on an average during the FY 2017-18, with an average SIP size of about ₹3,250 per SIP account. Month-wise amount collected during FY 17-18 is as mentioned below :

Month
SIP Contribution ₹ core
Apr’17- Jul’ 17
18,544
Jul’ 17
4,947
Jun’ 17
4,744
May 17
4,584
Apr’ 17
4,269

During FY 16-17, a total amount of ₹43,921 crore was collected through SIP. Month-wise amount collected during FY 16-17 is as mentioned below :

Month
SIP Contribution ₹ core
Apr’16- Mar’ 17
43,921
Mar’ 17
4,335
Feb’ 17
4,050
Jan’ 17
4,095
Dec’ 16
3,973
Nov’ 16
3,884
Oct’ 16
3,434
Sep’ 16
3,698
Aug’ 16
3,497
Jul’ 16
3,334
Jun’ 16
3,310
May 16
3,189
Apr’ 16
3,122



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