SIP registrations in FY22 already at five-year high, shows data

19.5 mn new SIPs registered till December-end vs 14.1 mn in the whole of last year

Systematic investment plans (SIPs) of mutual funds (MFs) have seen a spike in demand with new registrations touching a five-year high already this year. Around 19.5 million new SIPs have been registered till December end, as against 14.1 million in the whole of financial year 2020-21 (FY21). Market participants say incr­easing investor awareness and positive experiences have spu­r­red this increase. The data from Association of Mutual Funds in India (Amfi) shows that new registrations have topped 2 million every month since June, touching 2.6 million in September, the highest so far this year.

Ajit Menon, chief executive officer of PGIM India