Investors take to SIPs, as contribution reaches 15% of overall industry AUM
Indicating Indians have taken strongly to the systematic investment plans (SIP) as a mode of investing, the share of assets under management (AUM) via SIP have reached about 15% of the overall industry AUM.
According to the data from the Association of Mutual Funds of India for December 2021, the SIP AUM grew by 34.6% annually in the past five years compared with the 18% growth in the total MF AUM.
SIP contribution reached Rs 11,305 crore in December 2021, roughly 3% higher than Rs 11,004 crore recorded in November. This is the highest-ever amount of SIP contribution received in a month.
The number of SIP accounts for December were 4.91 crore, up from 4.78 crore in November, AMFI data showed. The numbers reflect a monthly increase of over 12.54 lakh.
Average ticket size of a SIP investor was Rs 2,303 per account and its portfolio value was about Rs 1.2 lakh at the end of December 2021.
In 2021, the SIP linked funds saw an inflow of Rs 1.1 lakh crore. The SIP monthly book size expanded in each of the eight months to December.
The equity MFs had a strong inflow of Rs 41,906 crore in the December 2021 quarter. Of this, 30% was mopped by new fund offerings.