AUM share of SIP linked mutual funds at a record high in December

The share of assets under management (AUM) of the funds linked to the systematic investment plans (SIPs) reached a record 15% of the AUM of the mutual fund (MF) industry in December 2021, the data from the Association of Mutual Funds in India (AMFI) shows. The SIP AUM grew by 34.6% annually in the past five years compared with the 18% growth in the total MF AUM.

At Rs 5.6 lakh crore, the SIP AUM was nearly a quarter of the AUM of equity MFs and 2% of the total market capitalisation of Indian equities. According to industry estimates, nearly 90% of SIP inflows are deployed in the equity funds.

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. In the past five years, the cumulative SIP inflow was Rs 4.9 lakh crore, 1.6 times higher than the flow of foreign portfolio investors (FPIs). 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.


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. Consequently, the retail AUM including equity, hybrid and solution oriented funds, touched Rs 18.3 lakh crore.