Mutual fund SIPs collect Rs 7,727 crore in September, 40% higher y-o-y

Mutual funds garnered Rs 7,727 crore of assets via SIP in September, 40 per cent higher than the inflows in the same month, last year, AMFI data shows. SIP inflows stood at Rs 7,658 crore in the preceding month.

Mutual funds currently have around 2.44 crore (24.4 million) SIP accounts through which investors regularly invest in mutual fund schemes, especially equity mutual fund schemes.

Systematic Investment Plan, or SIP as it is commonly known, is an investment plan offered by mutual funds which allows an investor to invest a fixed amount in a mutual fund scheme periodically at fixed intervals, say, once a month instead of making a lumpsum investment.


The SIP instalment amount could be as small as Rs 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 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 mutual fund industry had added about 10.17 lakh SIP accounts each month on an average during the FY 2018-19, with an average SIP size of about Rs 3,165 per SIP account.

Monthly inflows through SIP (in Rs crore) are shown below:

	2018-19	2017-18	2016-17
Total during FY	44,487	67,190	43,921
March		7,119	4,335
February		6,425	4,050
January		6,644	4,095
December		6,222	3,973
November		5,893	3,884
October		5,621	3,434
September	7,727	5,516	3,698
August	7,658	5,206	3,497
July	7,554	4,947	3,334
Jun	7,554	4,744	3,310
May	7,304	4,584	3,189
April	6,690	4,269	3,122

Source: Amfi