SIP: Retail rush takes SIP ticket, portfolio value to new highs

ET Intelligence Group: The average ticket size for investments under systematic investment plans (SIP) in mutual fund schemes reached a 50-month high of ₹2,500 per account in July 2024 compared with the two-year average of ₹2,261, according to data from the Association of Mutual Funds in India (AMFI). It has stabilised over the past few months after consistently falling since 2019 from a peak of ₹3,399.

The average portfolio value of SIP investors also reached a record ₹1.4 lakh, further boosting retail investors‘ confidence in equities.

The increase in the average ticket size is accompanied by a rise in net SIP account additions, implying that new investors are investing more through SIPs than existing ones. Net SIP account additions surged to a new high of 3.52 million in July, nearly 2.5 times higher than the average over the past two years. The total number of SIP accounts reached 93 million, while the total assets under management (AUM) for funds linked to SIP accounts touched ₹13.1 lakh crore or one-fifth of the total AUM of the mutual funds in India.

The monthly SIP inflow reached ₹23,332 crore in July, contributing to a 12-month cumulative rolling inflow of ₹2.3 lakh crore, also a record high.

The SIP book grew by 10% month-on-month, marking the fastest growth in 40 months.