Mutual Fund SIPs accounts stood at 2.78 CRORE! And the total amount collected through SIP during July 2019 was ₹8,324 crore
Indian Mutual Funds have currently
about 2.78 crore (27.8 million) SIP accounts through which investors regularly
invest in Indian Mutual Fund schemes.
Systematic Investment Plan or 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, on an average, 9.54 lacs SIP accounts each month during the FY 2019-20,
with an average SIP size of about ₹3,000 per SIP account.
Month-wise amount collected from FY 2016-17 onwards are mentioned below :
SIP Contribution ₹ core
Total during FY
Have you started investing through SIP? If not, open a SIP account right away.