86% of SIP inflows came in equity funds in June

By Ravi Samalad |  15-07-20 | 
 
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About the Author
Ravi Samalad is Assistant Manager - Editoral for Morningstar.in.

Systematic investment plans, or SIP, remain the most popular choice of investing in equity funds for retail investors.

According to the Association of Mutual Funds in India (AMFI) data, of Rs 7,917 crore SIP inflow in June 2020, 86% or Rs 6,798 was invested in equity funds. This shows that SIP is not a preferred mode of investing in debt funds.

Of Rs 3 lakh crore SIP AUM, equity funds comprised Rs 2.61 lakh crore worth assets.

Out of the 3.23 crore SIP accounts, 2.80 crore SIP accounts are in equity schemes.

Also, a majority of SIP inflows come via regular plans. Of Rs 7,917 crore SIP inflow in June 2020, Rs 6,694 crore came through regular plans while direct plans contribution stood at Rs 1,223 crore.

In June, the industry added 9.13 lakh new SIPs while 6.58 lakh SIP accounts matured/closed/paused due to the recently introduced SIP pause feature by fund houses.

The number of SIP accounts increased from 3.15 crore in May to 3.23 crore in June.

 

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