2 days ago
SIP Account Additions Reach Six-Month High in August
Many people invest in mutual funds through regular monthly SIP payments.
In August, 1.3 million new SIP accounts were added.
This was the strongest monthly increase in six months.
The total number of active SIP accounts reached 107.5 million.
Investments came from 100.2 million accounts during the month.
Total SIP contributions also reached a record Rs 32,297 crore.
Smallcap and midcap funds had recently delivered more attractive returns.
The stronger market appears to have encouraged more people to keep investing regularly.
Monthly SIP account additions rose to 1.3 million in August, the highest level in six months.
Active SIP accounts reached a record 107.5 million at the end of August.
Mutual funds received investments from 100.2 million contributing SIP accounts, a new high since data disclosure began in 2024.
SIP contributions climbed to a record Rs 32,297 crore during August.
The rebound in broader markets and improved smallcap and midcap returns helped renew SIP growth momentum.
- Who
- Mutual fund investors and the Indian mutual fund industry, represented by the Association of Mutual Funds in India.
- What
- Monthly SIP account additions rose to 1.3 million, while active accounts, contributing accounts and contributions reached record levels.
- Where
- India's mutual fund market.
- When
- August; active-account figures were reported at the end of the month.
- Why
- A sharp broader-market rebound and improved returns from smallcap and midcap funds renewed investor interest in SIPs.
Key facts
- Monthly SIP additions
- 1.3 million in August
- Active SIP accounts
- 107.5 million at the end of August
- Contributing SIP accounts
- 100.2 million
- Total SIP contributions
- Rs 32,297 crore in August
- Smallcap fund one-year returns
- 12.8 per cent, according to Value Research data
- Midcap fund one-year returns
- 7.8 per cent, according to Value Research data
- SIP account trend
- Net additions increased in each of the previous four months
Quotes
Venkat Chalasani
Chief Executive of the Association of Mutual Funds in India
“Investor confidence in mutual funds as a disciplined and long-term wealth creation vehicle continues to strengthen, as reflected in the crossing of a significant milestone of 100.2 million contributing SIP accounts”
m.rediff.com
Sources
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