Mutual Fund : More than 1.75
crore SIP
accounts are more than 5 years old..!
AMFI data shows that more than 60% or 1.75
crore SIP accounts are continuing for over 5 years. As on October 31, the total
number of SIP accounts in the MF industry stood at about 2.89 crore.
The AUM for SIP accounts continuing for more than 5 years,
however, is considerably lower. As of October end, the total SIP AUM was Rs.
3.03 lakh crore. Of this, only a tad over 18% or Rs. 55,102 crore has been continuing
for more than five years.
Here are some other notable trends in the SIP continuity data.
Direct PLAN vs Regular PLAN
Direct plans accounted for nearly 25.67 lakh SIP accounts or 8.9%
of the total 2.89 crore SIP accounts are continuing for more than 5 years. AUM
in these accounts stood at Rs. 3,612 crore.
Regular plans, on the other hand, accounted for nearly 1.49 crore
SIP accounts or 51.4% of the total 2.89 crore SIP accounts that are continuing
for more than 5 years.
AUM in these accounts stood at Rs. 51,490 crore or 17% of the
industry’s total 3.04 lakh crore SIP AUM.
|
SIP Accounts continuing for
|
Direct
|
Regular
|
||
|
Number of SIP accounts
|
Proportion of total SIP accounts
|
Number of SIP accounts
|
Number of SIP accounts
|
|
|
> 5
years
|
25,66,891
|
8.9%
|
1,48,84,177
|
51.4%
|
|
> 4
years up to 5 years
|
2,21,257
|
0.8%
|
13,16,384
|
4.5%
|
|
> 3
years up to 4 years
|
1,70,374
|
0.6%
|
11,44,891
|
4.0%
|
|
> 2
years up to 3 years
|
3,26,758
|
1.1%
|
24,05,693
|
8.3%
|
|
> 1
year up to 2 years
|
3,48,262
|
1.2%
|
18,59,832
|
6.4%
|
|
Less
than < 1 year
|
5,89,795
|
2.0%
|
31,17,498
|
10.8%
|
|
Total
|
42,23,337
|
14.6%
|
2,47,28,475
|
85.4%
|
T30 vs B30
In T30 cities, nearly 91.72 lakh SIP accounts or 31.7% of the
total 2.89 crore SIP accounts are continuing for more than 5 years. AUM in
these accounts stood at Rs. 37,370 crore.
In B30 cities, the number of SIP accounts continuing for more than
5 years stood at 82.79 lakh accounts or 28.6% of the total 2.89 crore SIP
accounts. AUM in these accounts stood at Rs. 17,432 crore.
|
SIP Accounts continuing for
|
Number of SIP accounts in T30
|
Proportion of total SIP accounts in T30
|
Number of SIP accounts in B30
|
Proportion of total SIP accounts in B30
|
|
> 5
yrs
|
91,72,310
|
31.7%
|
82,78,758
|
28.6%
|
|
> 4
years up to 5 years
|
9,55,248
|
3.3%
|
5,82,393
|
2.0%
|
|
> 3
years up to 4 years
|
7,56,264
|
2.6%
|
5,59,001
|
1.9%
|
|
> 2
years up to 3 years
|
16,47,332
|
5.7%
|
10,85,119
|
3.7%
|
|
> 1
year up to 2 years
|
12,64,035
|
4.4%
|
9,44,059
|
3.3%
|
|
Less
than < 1 year
|
20,98,519
|
7.2%
|
16,08,774
|
5.6%
|
|
Total
|
1,58,93,708
|
54.9%
|
1,30,58,104
|
45.1%
|
Source : AMFI
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