2 weeks ago
SIPs gain relevance across asset classes among Indian investors
A SIP is a way to save and invest little by little, like putting money in a piggy bank on a regular schedule.
Instead of trying to guess when prices will go up or down, you invest the same amount again and again.
When prices are low, your money buys more, and when they are high, it buys less, which evens things out over time.
Over time, the money you earn can also earn more money, which is called compounding.
Many people in India use SIPs — more than 8 crore people have SIP accounts.
In 2024, people put more than ₹20,000 crore into SIPs every month.
People now use SIPs for many things, like stock funds, gold, silver, retirement plans, and fixed deposits.
An app called ABCD helps people set up these regular investments all in one place.
The company behind the app says it is only a distributor and not a financial advisor.
SIPs, traditionally linked to mutual funds, are now being adopted across asset classes such as equity funds, digital gold and silver, NPS, and fixed deposit-based options.
Monthly SIP contributions in India crossed ₹20,000 crore in 2024, with total SIP accounts growing beyond 8 crore, according to the Association of Mutual Funds in India.
Reserve Bank of India data indicates a gradual shift in Indian household savings toward financial assets.
Key benefits cited include regular investing habits, rupee cost averaging, compounding, accessibility with small amounts, and automation through auto-debits and digital payments.
The ABCD App, offered by Aditya Birla Capital Digital Limited, provides access to SIP-based investing across multiple asset classes on a single platform.
The article emphasizes a shift from trying to time the market to staying invested consistently over time.
- Who
- Indian retail investors, with data cited from the Association of Mutual Funds in India and the Reserve Bank of India, and platform promotion by Aditya Birla Capital Digital Limited.
- What
- Systematic Investment Plans (SIPs) are expanding beyond mutual funds to multiple asset classes, with monthly contributions crossing ₹20,000 crore in 2024.
- Where
- India
- When
- 2024 marked a key milestone with monthly SIP contributions crossing ₹20,000 crore and the trend continuing into the present.
- Why
- To promote disciplined, long-term investing through regular contributions, rupee cost averaging, and compounding, as household savings gradually shift toward financial assets.
Key facts
- Monthly SIP contributions (2024)
- Crossed ₹20,000 crore
- Number of SIP accounts
- More than 8 crore
- Contribution data source
- Association of Mutual Funds in India
- Household savings data source
- Reserve Bank of India
- Asset classes covered
- Equity mutual funds, digital gold and silver, NPS, fixed deposit-based recurring options
- Platform highlighted
- ABCD App
- Distributor
- Aditya Birla Capital Digital Limited
Sources
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