SIP AUM hits a new high of Rs 6.6 lakh crore in October amid sustained retail flow

An unwavering retail inflow complemented by capital appreciation continues to benefit the funds linked to the systematic investment plans (SIP). The assets under management (AUM) of SIP funds reached a record Rs 6.6 lakh crore in October 2022 according to the data from Association of Mutual Funds in India (AMFI). The cumulative twelve-month rolling SIP inflow was also at a new high of Rs 1.4 lakh crore with average monthly inflow above Rs 13,000 crore. Industry estimates show that nearly 90% of the SIP monthly inflows are deployed in the equity funds. The average SIP ticket size was Rs 2,198 in October 2022

The share of SIP AUM in the total mutual fund AUM touched 16.8% in October, the highest since AMFI started reporting the data on its website, compared with the long-term average proportion of 11.4%.

The AUM of the SIP linked funds grew by 28.8% annually in the past five years, faster than the 13% growth in the industry AUM at Rs 39.1 lakh crore in the same period. During the period, SIP linked funds received an inflow of Rs 5.3 lakh crore.

The number of SIP accounts have increased at a rate of 10.8 lakh per month in the past 12 months taking the total SIP account tally to 5.9 crore. The average portfolio value of the SIP investor is about Rs 1.1 lakh in October, 8% lower from the peak of Rs 1.2 in August 2021.