The AUM of the SIP accounts crossed a record Rs 5 lakh crore in July 2021 following a sustained inflow in the capital market, the data from AMFI showed. With a record inflow of Rs 9,608 crore in the month, the total SIP inflow reached Rs 1 lakh crore in the past 12 months. The average portfolio value of SIP investors was Rs 1.2 lakh in July, the highest since data was made available by AMFI in 2016.
The SIP AUM has grown by 32% annually in the past five years compared with 17% gain in the total industry AUM. Driven by the equity backed schemes, the total AUM breached the mark of Rs 35 lakh crore for the first time. The retail AUM hit a record Rs 16.3 lakh crore, constituting 46% of the total AUM.
The share of pure equity schemes in the total AUM rose by 600 basis points from the year ago to 33% in July 2021. The SIP AUM has outperformed the pure equity fund AUM by a wide margin of 46% in the past 12 months due to robust inflows. According to industry sources, around 90% of the SIP AUM is linked to equity funds.
