SIP closures reveal divergent trends among B30 direct, regular investors

A/c closures of B-30 SIPs on 'direct' side 2.6x higher than regular plans

The systematic investment plan (SIP) data for the first five months of 2025 highlights distinct investor behaviour based on location and investment mode.

 

In smaller towns and rural areas, referred to as B-30 in mutual fund (MF) terminology, SIP closures in direct plans were 2.6 times higher than in regular plans, despite the latter having a larger account base. MFs offer two variants: direct plans, which are commission-free and accessed through online platforms, and regular plans, which include commissions and are sold by banks or distributors.

 

At the end of May, there were 19.5 million B-30 direct plan accounts, down