SIP closure ratio surges to 51% in 2022 from 41% in 2021: Amfi data

In 2022, the growth in discontinuation of systematic investment plans (SIPs) outpaced SIP account registrations.

Until end-November, 23 million new SIP accounts were registered, compared with 22 million during the same period in 2021 - a growth of 6 per cent.

However, discontinuations rose 30 per cent during the same period, from 9 million to 12 million, reveals data from the Association of Mutual Funds in India (Amfi).

As a result, the ratio of SIPs stopped as a percentage of fresh SIPs registered (SIP stoppage or closure ratio) jumped to 51 per cent in 2022, from 41 per cent in