Mutual Fund : More than 1.75 crore SIP accounts are more than 5 years old..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, November 24, 2019

Mutual Fund : More than 1.75 crore SIP accounts are more than 5 years old..!


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

Mutual Fund : More than 1.75 crore SIP accounts are more than 5 years old..! Reviewed by Investment Guru on November 24, 2019 Rating: 5 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 a...

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